Need Advice on Primary Property

[Tomasz Strzemecki]

Looking to rent out my primary property in order to "free up" my credit for another investment.

By doing that, my goal is to buy another property with less $$$ down (3.5% FHA, 5% conventional, 10% conventional) as a primary property instead of buying an investment with 25% down.

Do the banks look favorably at a situation where you have 2 rental properties and no primary? Can that be done or is there a grace period that I will need to rent my old primary for before I can even apply for another primary loan?

Thoughts?

Thank you.

Tomasz S.