Posted by Nate on March 14, 2001 at 12:15:15:
No, you cannot purchase 2 separate properties for a total of 4 units. You can purchase ONE property as owner-occupied. It can have anywhere from 1 to 4 units in it. But you cannot do what you suggested, at least not with FHA owner-occupied financing for both duplexes.
The only way this might work would be if you wanted to acquire 2 duplexes that were adjacent to one another, and the seller owned both and was willing to file the deed to consolidate them into one property. Then you might be able to swing it, but not being intimately familiar with the FHA multi-unit requirements, I am not certain. Just thinking out loud.