first use a credit card specifically 4 the business on all purchases, never pay cash. same with the bank account if you can. then track all the expenses using something like Quicken. you can categorize any expense and even split an expense if it's partly personal and partly for the property.On the Federal Form E you can specify the percent of the property that is owner-occupied. that's really all there is to it, we've been doing this for many years living in one unit of a multi.

Still see vehicles in their parking lot with Texas plates on them.

Technical default examples: not maintaining insurance on the property, delinquent property taxes, or maintaining a certain occupancy in a multi-family property.

I finally convinced my wife to get into a multi-fam...good luck. 

At the very least they would make a certain % of the sale if you do decide to purchase your own multi-family property.

SAVE MASSIVELY: Also, you could move out of your current home if you're renting and live in your vehicle...

My current long term renters are moving out in 30 days and that is what has spurred this big decision.Here are the numbers and the situation we are in, we have about 60k into this property comparables are selling in my area for 160k-180k so we are set up to make a large profit if we decide to sell and reinvest the profit in a larger multi family property, the downside is it is very hard to find a good deal in this area and we would most likely have to over pay in order to find a 1031 exchange property.

While doing my morning jog I came across a multi family property...what avenue would anyone suggest I take to find out who owns the property?

Somebody that knows the multi-family game, and knows that local market. 

I'm currently in the midst of acquiring a multi-family property and have a question regarding taking an FHA loan out but not really "living" at one of the units.