I live in the greater Washington DC area.

I live in a small town in eastern Arizona, about 7000 people, and we have a pretty serious shortage of rental properties.

Once you take over a property as an owner occupant, if it is a single family or condo you can live in it for 1 year and that automatically exempts your unit from rent control.

I was forced to buy my first house because my roommate moved out and I couldn't afford to live alone.

Right now I'm living in Baltimore, still working 9-5 W-2.

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

He’s wondering if he should rent it out but he did purchase the home and live in for months and has an fha loan.

I live and invest in Milwaukee since 2007, so probably a little bias here, but we are set up very well for future growth. 

They can introduce you to all the local players you will need like property managers and lenders.Over time, increase your own personal knowledge and development with books, podcasts, and conferences on the topic.But finding a commercial real estate broker with a teacher's heart will go a long way to getting you started.To your success!

Live in one and rent the other units out!