@Juan Perez Turning your primary residence into a rental is a great way to build your investment portfolio.

Hi Olecia,As a loan officer, buying a second home for use as a vacation rental (Airbnb/STR) can be a viable option, but it's important to be aware of certain considerations.

For instance, and in brief only using one concept (not meant to be the full list of criteria), a rural property has a population restrictions and proximity to Metropolitan Service Areas ("MSA" - think big city area) as some restrictions.

@Darren Samson what kind of loan you can use is a question for a local lender. 

Yes, I've been in this for a bit.

We're starting off with a single family home then eventually plan to convert it to a rental and use the equity to buy our second home starting our real estate business.

While I think neighborhood farming is a good idea, I'd say instead of doing it geographically, think about who is most likely to move in your community. 

Can I get a good mortgage? 

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started. 

These scenarios often can be a real nightmare.