Hi all,I’m a New York City resident and am looking to research and eventually invest in an out of state market.

Last point I would like to mention is that I am current renting, and I plan to purchase a primary residence within the next 2-3 years.

The home is in the Sacramento area and closer to the rest of my family and he would sell it to me for a little under market value.Looking at my options, I could keep the Stockton home and rent it, along with having a new primary residence in the Sacramento area. 

I would hate to be a resident and have issues every summer. 

Our current residents we still owe about $104,000, we have about $280,000 in equity.

The key is to allocate expenses proportionally between your primary residence and the rental units.

Is it possible for a non-resident citizen like me to get a 30-year fixed-rate loan?

For example, suppose your primary residence, rental properties, and employment are all in the same area.

Does anybody have a good workaround for city ordinance restricting more than five unrelated occupants in a single-family residence?  

Are they putting down money as a down payment and do they have a primary residence they realize they could also lose if they do not pay you (depends on state).