@Marquise Bailey-Dillard save for a downpayment and talk to some lenders about how you would qualify you for owner occupant loan.

Most home owner insurance policies only cover a certain amount of PP/PI but an umbrella can offer upwards of multimillion coverage and more than one property.There is no real need to go out and get an umbrella policy if you are not trying to protect significant assets.

My issue is that most properties have permits that allow multi-family but only if owner occupied.

Single owner LLCs typically give no protection.

As noted, this is typically an FHA loan, so limited to owner occupant 4 units or less.  

I watched the development since it started, I represented myself as owner occupant How did you finance this deal?

Being vested on title/deed means you are a owner of the property.

I am an 18-year-old in Indiana and I am a 50% owner of two SFH's with the other 1/2 being my father.

The mortgage type is assumable but my question is, if I were to follow through, would I have to buy it with the intent of it being owner occupied?

Since beginning my real estate career, I have joined a local investment group(s) of realtors from my office and became part owner in 5 investment properties ranging from SFH to multi-family units.