House Hacking Using Funds from IRA

[Michael Booker]

I have a Simple IRA from an old company that I'd like to use for a downpayment. From what I've been able to find, I should be exempt from paying the 10% penalty if I use the funds within 120 days towards the purchase or repair of my first home (score!).

My question is does this apply to a multifamily home scenario or is this solely for single family homes?  I'm not sure if being an owner-occupant would disqualify me from being penalty free.  It seems that the language is pretty flexible but any information would be helpful!

Thanks!