Investment Info:Single-family residence buy & hold investment.

You might need to fund that, either with a higher purchase price, or something creative.Otherwise, there are no other options that would allow you to qualify to buy this as a primary residence.

I bought my first house 1 year ago as my primary residence.

Based in New York, my work-life spans across New York City and Long Island while I reside in Mount Vernon, Westchester County.I’m diving deep into real estate investing, working on building my knowledge first and my portfolio later.

There's no one (theoretically) living on the parcel--no improvements that would allow someone to make the parcel their residence.

I say area because my wife and I reside in Fort Mill, SC and are looking forward to getting serious about REI. 

It found the five most landlord-friendly states to be:West VirginiaArkansasLouisianaNorth CarolinaAlabamaAlabama residents enjoy a low cost of living and a thriving economy.

If you buy a property as your primary residence and live in it for 2 years then rent it for up to 3 more (so you've still lived in it for 2 out of the 5 years prior to sale) you would get the entire 121 exemption tax free. 

The landlord responded that the lease was not subject to the Rent Adjustment Program since the rental was for “sole use of one or more rooms and shared use of common areas (such as a kitchen) in the residence,” which was a single-family home.In its decision, the court focused on the definition of a “dwelling unit” as used in the exception found in Civil Code section 1954.52(a)(3)(A), which provides that “an owner of residential real property may establish the initial and all subsequent rental rates for a dwelling or a unit about which the following is true…It is alienable separate from the title to any other dwelling unit….” .

You can use conventional financing, up to a fourplex, and if you live in one unit you may reduce some of the property tax for the space you live in as it is your primary residence and you can also buy with very little down as opposed to buying it strictly as an investment property.Duplexes are a great option and you generally also always have at least one paying tenant and can be bought similarly.