So, that's what you could do...so if you want to go through the owner financing step through your family member just use those numbers as your baseline.  

I do like to do it that way for a couple of reasons, your name appears as an Insured and the true owner is not the primary insured.As far as the cost difference, in our area I have found that, for the good properties, the personal policies (dwelling fire) can be cheaper. 

They also continually mention how you can come to these forums for valuable insight.Assuming I have some nefarious intent by replying with a condescending "WHY", or it's as simple as a fourth down play (while not addressing my question) has made my journey here disappointing.I'll leverage rich content within this site and stir clear of commenting in the forums.

The first one who told me this over a beer at a Xmas party in a rare moment was the owner/founder of the global multi billion $ company I used to work for.

Do that, and you'll still be ahead of 99.9% of the population, but there's too much fantasy thinking on this site.

My question is, is it a valid reason for me to ask the tenant in 2/1 to move out on the ground of owner needs to occupy the property?

I send the tenant the unexecuted lease to review and sign then the owner signs once satisfied Incase we need to terminate.Check to see if any other terms they should have done hasn’t been done resulting in a breach of contract.

That one lender you connected with does not operate as all others; yes it is multifamily but yes it is also owner occupied.  

(assessor, owner, another appraiser etc.) 

Owner financed with 10% down, and 3% interest with a 5 year balloon.