Our primary markets are larger cities within Texas, but I also wholesale in Ohio, Florida, Georgia, New York, Arizona, Illinois, Colorado, etc. 

Hi @Walt Giroir, The sale can be allocated between the primary residence and the investment or business use portions. 

@Erica HutchinsonAs a primary residence, then yes, you could qualify for 3.5% down, but must live in the property for at least 12 months.FHA rates and terms are typically better. 

When you are moving to a new primary residence, the lender will also do all sorts of employment checks where they use a 3rd party company to contact your employer to verify you are either able to work remote or will be physically working in that location. 

@Hunter Burrell If it was a primary residence for 2/5 previous years she doesn't need a 1031 exchange.

I relied heavily on the PM to determine the rents, but we also used other RE tools like primary MLS's and Prop-stream to pull comparable rents in the area. 

Luckily with this being your primary residence you can tap into up to 95% of your equity in a cash-out refinance which if by doing that you still cashflow would be wonderful.

I am wondering what has been anyone's experience buying a property, in my case would be a primary residence from a family member.

Finished the kitchen out, moved a closet from a guest room with 2 closets over to the primary bedroom so primary has 2 closets, and refreshed all paint/light fixtures.

Added an additional closet to the primary bedroom.