I was lucky to buy my residence when I did a little over a year ago.

I'm Travis and currently reside in Muskego, WI, I came upon this site while researching real estate opportunities with low start-up costs.For the past 24 hours I have been completely wrapped up in reading through the abundant amount of information throughout this site and realized that this is a forum where I would like to become a more active member.I am completely new to real estate, outside of purchasing my current home I have no true experience within the industry but the more I learn the more I enjoy it thus far.Truly wholesaling has been the most appealing concept to me, which not only comes to play due to the low funding required but it has been the most interesting topic of research for me.I look forward to being an active member of this community and learning from the many experts who are willing to share their expertise.

@Russell Brazil we don't own in falls church right now we are debating buying as a residence or renting while we invest in some dc properties..

I thought I was doing well enough to get an FHA approved mortgage for my primary residence.

If so, this could help with the cash flow for holds ... buy it like a flipper, finance it as a primary residence, fix up while living there as plan A, vacation rental as plan B after a year or 2, sell for profit as plan C.  

My heart still resides in Portland and the surrounding area and I hope to eventually move back there.  

An accredited investor, in the context of a natural person, includes anyone who: earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).for full details, see the first link

There may very well be a call provision for not maintaining a property as a primary residence, or change of ownership, or just because the bank feels like it.

Currently living in apartmentWorking full time as a management consultant and also in grad schoolLiving below our means and currently building savings for emergency fundsBlessed with a promotion that will allow us to build savings at a faster rateEstimate to have $30k in savings in 12 months time (depending on how well I control my Chipotle cravings :) )Plan for first property acquisitionfirst property will be primary residenceFind distressed / REO property (4/2/2)use FHA 203k loan to roll in rehab cost and put 5% down (heard doing 5% instead of 3% means no PMI, need to verify that)Plan for investment property acquisitionsAssume rehab yields 25% ARVUse HELOC and savings to purchase first and subsequent investment properties as soon as possible.Overall I'm looking to force equity in a primary residence and use HELOC and savings to start acquiring properties.  

As a long time resident of Indiana, I am well connected in the community and have a vast residential, commercial and new construction sales experience, as well.