Dana, that's a great point about the resale ROI.

@Dana Pollard, would you mind adding me to your buyers list too?

@Dana Rasmussen ...IMO...rent another year at current rent.

You can only take the 3.5% down payment with a owner occupied property, so you would need to move for each new one.Like Dana said, there are reserves requirements and you will need to show the rental income on your tax returns for 2 years to use the income to qualify.

Hey Dan, a HELOC might be an option if you have equity in your home. 

Thanks for the feedback Dan. As

Good Investing...anaheim, brea, costa mesa, coto de caza, cypress, dana point, fountain valley, garden grove, huntington beach, irvine, la habra, ladera ranch, laguna beach, laguna hills, laguna niguel, lake forest, mission viejo, newport beach, orange county, placentia, rancho santa margarita, san clemente, san juan capistrano, santa ana, stanton, tustin, westminster, yorba linda

@Dana Graepel, nice to have options!

@Dana YaglowskiWelcome to BP!  

For us, we chose coastal Orange County and focused on Dana Point and San Clemente when we were there.