Mortgage (switch investment property to primary residence)

[Josh Ferona]

Hello all, 

1. I want to buy a home a home in a city I plan on moving to in 3-4 years due to job situation. I want to use it as an investment property at first (to build equity and receive rental income) then once I move there switch it to my primary residence. I understand mortgage interest rates are cheaper if it is is a primary residence. But is there anything I can do with obtaining the lower interest rate since it will be an investment property converted to a primary residence? Or are there any options I have once I do convert it?


2. Even if it starts as an investment property, as long as I move into it for 2 out of the last 5 years and I sell it for profit, I can still qualify for the $250,000/500,000 capital gains exclusion, correct?

Thank you for your time