Preferably one that’s occupied, but needs some cosmetic work/rents raised. 

These loans have a lot of the same occupying requirements as FHA, but are underwritten with some more flexibility in terms of property condition requirements.

Ultimately I plan on occupying it, but I’m considering getting it before hand so that we can utilize our incomes before we move.

Prospective client is renting as a guarantor for mother in law to live nearby him, proposing to do a 2 year lease, mother in law who will be the occupy is retired so all credit check and income is based off daughter and son in law.  

Owner occupying an investment would help reducr mortgage rates and homeowners insurance rates but not property tax.I’m not sure what you are referring to Federal Tax deductions you are referring to but a lot of deductions are very similar whether you live in there vs investment property.

We are good if the zoning is commercial, but property must be owner occupied for anything located in residential areas.

Hello all, I recently bought my first owner-occupied home (which I intend to rent in 2-3 years), and would like to purchase my first full rental property by the end of 2020. 

That being said I have yet to find a bank or hard money lender that will finance a foreclosure/auction property that is still occupied.

You can get lower rates on individual owner occupied, but why trade that risk?

@Ben SchembriYou are incorrect in your dti calculations in regards to underwriting a conventional non owner occupied loan.