I'm just looking for passive income on my dead primary residence equity.

So your strategy is to invest close proximity to primary residence, and invest in 3-4 bdrm SFH's that are in distressed shape.

It was my primary home so I was able to purchase with an FHA loan and 5% down.

My first one I used a HELOC from my primary residence for the down payment.

But that also depends on your investment size.  3 single family rentals here, 3 more there, all spread out never lets you create the scale to create systems.I mentioned this on another thread, my primary investing question is "would I want to live here?" 

I converted my first primary to a rental after a live in rehab.

@Alex Na the Mortgage that you signed at closing for any Conventional primary states that you have to occupy the property within 60 days of closing and for at least 1 year.

Rates are really only low for primary residences and only with certain companies.

I can say most lenders look at least 7 years left on the primary lease term for the best loans with NNN.I have been seeing about 4.0 to 3.9 fixed with a 25 to 30 year amortization at 65% LTV for investment grade credit.

She is getting an FHA loan and living in one of the units as her primary residence.