I know how buying a house for a primary residence can become an emotional decision which increases the amount a person is willing to pay... but with attempting to pick up a long-term buy and hold, at least in my experience, the profitably is largely determined at purchase (and of course subsequent to this, proper tenant screening and management of the property).

And be prepared for any repairs.

Be prepared to work after 5 pm and weekends. 

I own a condo which is worth about 160k, and owe 110k.I just purchased a single family residence for my primary residence 3 months ago.

I'd love to have already jumped on an investment property, but I still have some things to get in line before I feel like I'm financially prepared to.

The current plan is to go straight into a rental, then begin the process of home buying (primary residence) within a month or two of getting settled, knowing it could take several months to find what we're looking for. 

We've found they often attract a stronger resident/people will treat them with care & stay longer as it feels like they have their own home. 

I'm offering my primary residence as a LO.

So me and my boyfriend have been living at the residence for 3 months on October 1st.

If I were you I would buy a primary residence elsewhere (the lower the down payment the better as long as you are comfortable with the numbers) and rent out your current Silicon Valley place.