I am not sure what the means for insurance payouts, replacement value and property value are VERY different - does anyone know?

I work with multiple different programs through our housing authority ("Section 8" and similar).

That may differ by state.

Depending on how far values decline is the difference between a partial loss and total loss. in essence its the same position of those who make second loans behind the first or third position when pref goes in front of you..

I am curious as to if anyone is aware of any first time home buyers programs for buying the first Primary Residence.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

Or buy a 5bed/3bath house, live in the primary suite and rent the other spaces out.

Quote from @Nicholas Dillon: Hey guys,I own 2 LTR properties, plus my primary home that I rent out half of the year while I live in Indonesia with my wife, who is Indonesian.  

Again, everyone's situation is different.

@Elizabeth Lebit's either house hacking (if you're looking to buy / live in a new primary) or nothing.it's not enough to do anything else.