5-10 Properties - 5th Property as Primary Residence

[Lawrence Paul]

So, I just hit the magic #4 property.

I have a small concern, however.

I have three rentals and am living in a property that I will convert into a rental after I have been living here for one year.

If I purchase my 5th property as a primary residence and convert the prior primary into a rental (total of 4 rentals and 1 primary), can I still put down 5% for my new primary and not be subject to the rules of the 5-10 property requirements?

I am sure that someone knows this answer because they either have done this or know someone who has done this.

[Nathan Gesner]

If property #4 is converted into a rental, then you can purchase property #5 as your primary residence with the smaller downpayment.