First Rental Property / Move to a new home

[Jonah Kubath]

I currently have a 4bd / 3ba townhouse with a 15-year conventional mortgage at %2.375 (Refi at an amazing time!). I am looking to get a second property. I plan to get an FHA loan and move into it as my primary residence and make my current house a full rental.

Does anyone have any advice on this plan?  This to do or watch out for?

My current fear is that the monthly payment on my current house is 2.9k.  The second property would probably be slightly above that at ~3.5k.  How do banks handle the debt-to-income ratio and how can I set myself up to get through anytime without a tenant?

Thanks for any tips!