@Ben Leybovich Defiantly the best answer, and had I not jumped in and ruined it with this post, would have been a great way for it to end.

@Ben FreeseWelcome to BP!

I've got a million questions but really want to talk to someone who has done these in the area.Thanks,Ben

I know I don't want to try and put lipstick on a pig, as @Ben Leybovich would say.

@Ben, underwater doesn't matter to anyone in the situation other than a potential agent trying to sell it (If a sale is the objective).

@Ben Vandorn:I appreciate the info and the links.

-Ben

(Get Paid House hacking)https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing-Ben Leybovich)https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (How to choose multi-family deals)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(How to buy a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Podcast 048 Duplex investing and managing tenants-Darren Sager)Much success to you!

Thanks for the input :)Ben

Or, if he intends to move, can he just keep that loan on his present home (thus it becomes an investment), and apply for an FHA-approved loan for his next home?