Help With Jumping Through Owner-Occupied Financing Hoops...
Hey, guys. So here I am, just about to purchase one multi-unit property. I'm planning to move in and get owner-occupied financing on it, and live there until I find the next property, then do the same thing with it (and keep my loan on the first one). Well, lo and behold, another prospective property has contacted me as of yesterday, and if the terms they'r egiving me are true (still gotta get in and inspect it), it looks like another good deal.
So the question is this - how do I jump through the owner-occupied financing hoops? If I decide this other property is a real good deal, one I shouldn't pass up, and I can get it to close, say, two months after the other one, will I be able to simply move from building #1 to building #2 and get owner-occupied financing for both? (Since it was my intent to live in the first one when I originally applied for the financing)? Put another way, how long do I have to live in a building for it to qualify as owner-occupied financing?
Not ethical, perhaps...but will it work? If I have to pay the higher rate for non-owner-occupied for the second property, I don't think I can afford it... 
Any thoughts, you seasoned pros?
Well, my first thought is that you need to take a few courses in ethical behavior, because what you're planning on doing isn't ethical in the least.
A owner occuppied loan is used when you actually INTEND to permanently reside in the home, not just until the next deal comes along. NOO interest rates are usually only 1 to 1.5% higher than normal, so if you can't afford it, it's probably not that great a deal anyway, at least one not worth gambling a prison term for.
Go ahead and try your method. You'll eventually get caught at it, and have to answer for it. Figure the best case scenerio is that every lender will call in the loan. Worst case, fines, penalties, and some real jail time.
No one here is going to help you in unethical practices.
Roger