If I sell this year I don't need to pay Capital Gain tax (Was in that home till Jan-2018, after that tenant occupied)- Current rent is 1595 per month (Current Mortgage payment - $1968 includes property tax ,insurance etc).

I'm not sure how old you are but you must recall college life, particularly off campus living. just a few concerns:  furnished units have to be covered on your insurance which will effect your premium.you gotta be mindful of damages to the furniture in addition to the rest of the place. not everyone will havesticky fingers but be prepared for the occasional theft during transition at the student occupied units. the bedbug epidemic comes into play particular with the more traffic. again, its my coin. feel free to disagree.kudos,Mary

I am new to investing - my husband and I are interested in purchasing a multi-unit property here in about a year (owner occupy one of the units). 

My loan does say I need to occupy for 12 months.

Your policy is for 12-month occupancy so you need to occupy for 12 months. 

I have been analyzing deals of duplex's that have sold in the NE/SE area and am not seeing a way to get close to breaking even on the mortgage cost let alone taxes, repairs ect while occupying one of the units.I will be looking into an FHA loan, so hopefully that means I would only need 3.5% down.

Also if the property is still technically owner occupied but the prior owner is not actually living there anymore as the houses furnace is broken is the process of evicting them more straightforward?

I have been analyzing deals of duplex's that have sold in the NE/SE area and am not seeing a way to get close to breaking even on the mortgage cost let alone taxes, repairs ect while occupying one of the units.I will be looking into an FHA loan, so hopefully that means I would only need 3.5% down.

It's currently non-owner occupied it's assessed at 165,400 and taxes are 4604 

I'm wanting to venture into rehabbing/flipping but also have been finding some good deals on true rental properties (already occupied with tenants and set to cash flow from day 1 with no repairs needed).