That home was in Milpitas CA.. probably worth about 1 mil today.. but I lived there 2 years sold it made over 50k and I was off to the races.. primary home equity as I look back 50 years of ownership and multiple homes has made me well over 2.5 million in tax free gains. 

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

Jay I know you are a player in this space as well - but I am curious to your opinion on finding decent loans to buy.

Other lease provisions may apply as well, such as prohibition against causing the LL to incur fines and damages.

I would go the VA loan if you can, no pmi will help your debt ratio as well.  

It's a winning combination of direct access to industry experts coupled with building lasting relationships and get direct feedback on your strategies in small-group format.

The main thing being: giving up a property that appears to have appreciated pretty well is just a touch pill to swallow and I've regretted a few moves I've made when put in a similar situation to yours, and I had less equity in mine.It sounds like you're moving to Raleigh in the near future and want to buy a multifamily to househack.

Companies know where they will be treated well and where they are not wanted.

We have owned rentals in the past as well. 

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.