I would talk to lenders sooner rather than later as this property is not at a stabilized occupancy rate and that will be a concern for banks.Good luck!  

If you don't own any property right now, you can buy a 3-4 flat with little down as owner occupant.

Conclusion Taxpayer is not required to collect New Jersey sales and use tax and the State Occupancy Fee and Municipal Occupancy Tax to charges for occupancies since Taxpayer is not operating as a hotel.

The manufactured homes in particular are interesting because everyone will finance them owner-occupied, but I can't find any terms on them as an investment  -- given they are definitely liquid to owner occupants I find this odd and perhaps a glitch in the matrix.  

Fannie/Freddie notes exclude anything over 4 doors, while a commercial lender will not lend to owner-occupant  because they don't want to comply with regs relative to consumer lending - that's the whole point for them is not to have to. 

In 2009, I went to a major bank when I owned 10 rentals in cash (and no mortgages) with a high paying w-2 job for an owner occupant mortgage, and they told me that I wouldn't qualify because they were afraid of real estate investors.  

I would like to buy a duplex as an owner occupant, but don't have the funds for a downpayment.  

Now - all of that aside - it really is kind of a brilliant plan, with the possible exception that if any of these properties have a mortgage that have an occupant clause, you could be accused of mortgage fraud if anybody signs an occupant clause but then doesn't live in the property within the appropriate time frame.

This classification does not include Apartment Houses (with three or more units) or Rooming House (with six or more occupants).Two Family: This classification applies to you if you own and rent out an English basement apartment or converted basement apartment, you’ll need to apply for a Basic Business License for each rental location and you’ll also need to obtain an inspection and approval from DCRA's Inspections and Compliance Division along with a Certificate of Occupancy.

Additionally the room next to mine was now being filled with a male occupant.