Thank you for your responses- let me elaborate.As you know,  many E&O insurances will cover real estate agents when they sell their own residential property (their primary residence or a rental property).

calling @Bradley Bogdan and @Marcia Maynard , our resident Section8 and HUD-VASH experts:a search on BP would also reveal quite a lot....

My personal residence is much more then that, I cant imagine a duplex, a SFR, a triplex, and 2 efficiencies all coming in at that amount.  

I don't have any prior experience (have never bought a home) and am looking to purchase my first home (as a primary residence). 

One is listed with a realtor at retail price (I passed and told her I would be interested when the listing expires) and the second house was her primary residence.

House hacking is a great way to get started and in my opinion the numbers don't need to be as good because it's also your residence. 

Often, I stop and speak with many of the residents within these neighborhoods.

However, personal residences aren't really income properties most of the time.

Hey Guys,For my first purchase, I've been approved for a primary residence loan.  

You basically arbitraging the money. 3.25% on 80ltv is a typical Heloc on your primary residence.