The reason why I am unsure of this scenario is that I know the theory states that this is usually a non-owner-occupied property (someone buys a single family home close to their primary residence so that they can manage it and take advantage of the loophole in this manner). 

Sucks, but it's fast and less expensive than getting an eviction started.I was in this situation before where a previous owner did NOT have a post close stay in the contract but the extended family decided they weren't moving out.

I have several single family home properties with over $100,000 equity in them and wondering if there is a way to tap the equity on those. 

I like to collect quite a bit of data on owners (family members, alternative addresses, deceased info, BKs and judgements, etc.) when I skip trace.

But most groups start with friends, family, church groups, anywhere you already have a circle of people that know, like and trust you.  

I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. 

Welcome to the BP family.

Having had over 100 single-family homes at one time, I'm not a fan of holding SFHs as a long-term rental strategy.

Ive  been house hacking in North Jersey for many years with my family, its been a fun journey. 

I am putting together a business model to convert a single family home to this type of facility and have an idea of the qualifications to get this running.