Currently we track:  Vacancy rate # of tenants paying before 1st, 1-5th, 6th-10th, 11th-on# of Days a turnover takesAverage total length of occupancy.  

Typically, if your nightly occupancy is more than two standard deviations above the market average (200-220 nights annually) then you're under-priced and leaving money on the table.

His exit strategy is longer-term buy&hold.The goal is to structure a deal where we perform owner financing on a property that has a backing mortgage.I haven't talked to the lender about it, but was curious about whether, in this case, that was even possible.I believe our vibrant community here can provide useful perspectives, and thanks in advance If I understand the question correctly, you would go ahead and do the refinance to long term financing, (be aware that the note probably has a "Due on Sale" clause), you would meet the minimum occupancy term requirement, sometimes 6 months, sometimes 1 year, (read the agreement) and then sell to your buyer on a Wrap.

Since the houses will sit so close together we’ve positioned the windows so the occupants won’t be able to see in the other house.

@Krishna Chava the requirement is that doors to the exterior need peepholes or other means of allowing the occupant to see who is at the door. 

No, you can’t use an owner occupant loan to buy an investment property.

NOT LEGAL OPINION - But think is correct interpretation.If you use FHA as lender, means you are Owner / Occupant, and FHA (I think) has a policy of NOT going after Owner Occupants for Loan Deficiencies. 

Now, sometimes the GLA on public record is erroneous, in which case the appraiser will have to reconcile their measurements with what has been recorded but usually there is a explanation for the difference.Along with the overall square footage there should also be a certificate of occupancy on file which will describe the legal use of the property.

I would rent month to month with a written and signed set of rules for occupancy.

And I strongly suspect that Tenant Alpha ALREADY let his brothers move in a few months ago, without first getting our permission and approval of the new occupants, which may be why they stopped paying rent at the other place.CURRENT QUESTIONS AND CONSIDERATIONS: This house will remain a long-term rental buy-and-hold, and since there are a lot of things that make these tenants undesirable to most landlords and lenders, I believe they likely won’t be able to find anyone else willing to sell or rent them a place … which means they’ll likely stick around long-term and pay timely.