The easiest way to get into the business, is buying an owner occupied 2-4 unit property that is rent ready.

It would be mortgage fraud to use an owner-occupant loan with no intentions of occupying the property.

But since I presume you’re not going to live in the SFR, there may not be much, if any, difference in how the bank views the two (the bank will view both as non-owner occupied investment properties). 

@Stephanie Medellin I’ve seen non-owner occupied FHA loans.

@John Underwood in certain counties in TN like Davidson (nashville) you cannot get owner occupied permits in an LLC.99 % of owner occupied permits are for Residentially zoned properties.

we still own and have it fully occupied Lessons learned?

(including everything mentioned above).Other: All units have been routinely occupied and the location is excellent.I plan on managing the property myself and living in one of the units, but may ultimately live elsewhere and use a management company.Thanks,Jakobe

had already done 1 owner occupied in our other 2 family, was moving to the area so decided to live in 1 half and rent out the other How did you find this deal and how did you negotiate it?

A lot of factors to this question but what interest rates are you seeing now for non-owner occupies 30yr fixed rates?

I will occupy the unit for the first 6 months or year and then rent it out afterwards.