Eventually as my finances improve I would like to get back into multi family units for monthly income. 

(One of the leases is ending soon)i will be putting 20% down and my monthly mortgage/Taxes/insurance payment should be around $1400 or less.For the first couple years I will be owner occupying one unit but eventually will rent both out.What do you think?

(Residential real estate doesn't depreciate -- it at least holds its value)So while investors may break even on a cash basis (perhaps even lose slightly), their tax savings more than make up for it -- especially if they plan on retiring elsewhere & using 1031's to move their eventual capital gains to a lower tax state.Plus they also make their income stream more robust.  

Yes, you might see rental income of 7-800 but remember your eventually going to sell.  

I was eventually outbid after scrambling around to find what I needed to start out. 

Eventually being able to manage the design of ground-up residential & commercial new-construction projects.

The tax impact comes when you eventually sell the property.

Again, they are first time home buyers, not looking to scam anyone and will occupy the house eventually but I do know they have to sign something saying they will live in it for a year, which will more than likely not be the case.They want my advice and I came across this string hoping to get advice from others in the industry since I haven’t personally dealt with this before. 

I eventually plan to get more places down the road when my business becomes more successful and I am in a better place and am excited to learn about all this and want the best chance to get it right the first time.

These are typically builders grade homes with 2-3 beds and 1-2 baths.I am looking to start turnkey to dip my feet into a market, but eventually would like to get a team started in a targeted city.