Hi @Derrick Reeves,This isn't my area of expertise, but I think that claiming a rental as an owner-occupied residence for better loan terms might be considered mortgage fraud, and so I would definitely consult with an attorney before thinking about considering it!  

Driving through the area you can see that many houses are already renovated and sold/occupied, and many more are under rehab at this time.

Multi unit properties under 4 units you can for sure owner occupy using conventional mortgage.

My husband and I are new investors and are looking for an owner-occupied multifamily in New Jersey.

Everyone is currently paying $450-$475 per month and occupy has always been high.

@Jacob Sampson although I agree with you Jacob in order to do a 1031 exchange which I assume will be done in this scenario a package sell is much easier, not to mention owner occupied means they have to give notice to all those tenants, also a headache.

Non-owner occupied rates are typically a 1/2 to 3/4 of a point higher than owner-occupied rates in my experience so I don't think what you are experiencing here is that abnormal. 

Hey I am trying to see if I should buy a washer and dryer with coin slots and charge my tenant or not or just don’t buy a washer and dryer at all but I will be occupying the downstairs apartment myself and kinda don’t wanna go to laundromat at all just curious on what to do

If the property is occupied at purchase with a long term, good-paying tenant, I use a 2% vacancy loss. 

I can probably find someone to occupy within 1-2 weeks of her vacating which could easily be taken from her deposit.