Hello everyone,I'm currently in the process of buying my primary residence, and I could use some advice.

We bought it with a HELOC on my mom's primary residence for the first $40k, then hired a contractor for demolition and major renovations, did cosmetics ourselves and used more heloc money totaling $60,000. 1 year later we listed it on VRBO and AIRBNB and refinanced the $100000 into a fixed rate mortgage.

I spoke with two lenders who they suggested and the lender I normally work with and I could not qualify with my primary home and rentals.

MichelleWhen I bought my first primary we ran into something similar.

ADUs implies there is a residential building to be an accessory to, but inn my market the accessories can be overwhelming to the primary structure.  

Has anyone found success in turning your primary residence into a rental, buying a new primary with 3-5% down and repeating each year?

@Dani Beit-Or It's my understanding you can't 1031 exchange a primary residence. 

Although some investors don't have LLCs so it would be difficult to tell if it's owned by a primary homeowner vs an investor.

Positive cash flow is desired but that is not my primary goal.

You are buying a primary residence so should be able to take advantage of an FHA backed loan.