Advice Requested - Making the First Purchase

[Brandon Smith]

Hey Family,

The quick synopsis - we currently live in Southern California and will be moving to Raleigh, North Carolina within the next 6-10 months.  My goal is to take this opportunity to make my first real estate purchase for a soon-to-be newly created holding company (registered in NC).  The hope is to purchase a home (financed) with my company, and then rent from myself for the first year as we figure out where exactly we want to live permanently.   Then, depending on the market and capital situation, continuing to pick up other investments.  

My biggest question (aside from the obvious coordination with a tax planner) is what are the potential pitfalls with this situation?  We are a big family (married with 4 kids) so space is needed, but I don't want to buy something that is "unrentable".  Is there a house that's too big?  We're looking at 2,500-3,000 sqft.