If you go into Central or South Scottsdale (Old Town) $1M will buy you a smaller, older home, OR half of a big, remodeled home (as alot of the Arcadia and Old Town area are turning over old small homes to be big beautiful homes in the $2.5M range and higher).There are options.....for both buying and renting, that would work with your situation.By the way....it's 51 degrees in North Scottsdale right now where I live. 

Even though we live in earthquake country, this was a new experience for us.

I used to live in Tokyo for 6 years and would like to find a reason to go back more regularly but let me know if you want to connect!

I lived there for a couple years and I met this guy who has bought and managed a ton of property there. 

Quote from @Ryan Moyer: Quote from @Nick Velez: Hey Anthony,I have a few STR's in Gainesville and have lived here for about 7 years now and know several people with STR's as well.

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.

Now you see how expensive dining and living rooms are that could be converted. 

I realize people are trying to make a living, but anyone who cold calls me is the last person I'd use for any transaction (plus I have people for that!).  

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.