@Angelica Valde let's assume for a moment that the loan won't care if you re-zone it after closing (which is the most likely scenario)...how would you qualify for the loan when you refinanced?  

A conventional loan How did you add value to the deal?

Also, it was for an owner occupied duplex, so I was able to leverage better financing terms with an owner occupied loan.

I was wanting to know, can you do this through an SBA loan?

I would say go the owner occupant loan route to get into something for 3.5-5% down instead of 20-25% that you'd need with an investor loan, but those require you to live in the property for a year before you could rent it out.Airbnb could be appealing also since you'd already be furnishing the place for yourself, could just leave the furniture there after you'd move out.

Well 2 of the 3 properties have no loan.

Even if you're already working with a Loan Officer, I'm here to help our community members to avoid being taken advantage of.

Many lenders will charge additional rate increase if loan is under $150K.

It’s not that they can’t get a loan.

One of the reasons for this is that the Sub2 investor may be nervous that the seller will say no.It should have been perfectly clear that the loan was going to stay in her name and you was taking over making the payments on her loan.