Yes, most lenders will require you to live in a primary residence before moving out, refinancing, or converting into a rental.

The residents are severly underpaid.

As a resident (who travels a lot) I would say the Midwest does not have the attractions like palm trees & beaches (the great lakes are cold) or amazing mountain ranges, which often come with some disadvantages like high cost of living or hut/humid weather, stroms etc. 

Save...it takes a lot more money than most new investors believe (don't drink the Kool-aid that you can get in cheap) and residing outside the US will be seen as a substantial risk to most lenders which will limit your financing options. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

Investment Info:Single-family residence fix & flip investment in Kenmare.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

what makes you qualified to pitch someone if you don't even have confidence in yourself?

Investment Info:Single-family residence buy & hold investment.