Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.

Dealing with the accountant first, who cares?

Thank you76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different.

I would be careful about doing something in an effort to "make positive cash flow".Section 8 has its pros but there are an equal number of drawbacks.

I am wondering if anyone has experience with this.

I don't care what anyone online says if you live there and have tenants at your home it will be a job. 

Be careful of SVDP.

But unless they advertise the seller finance (and be careful as most are really bad deals), then you'll need to talk them into it.

I'm a local agent, and I tend to work with investors and investment property, looking to take on more, so i was calling on your property _____ and was wondering , HOWS IT GOING? 

I say, if everyone is talking about it, it's probably too late.Be careful not to reject someone's advice in a city you haven't heard of much.