I want to use the equity in my CA home for the downpayment"me: "gasp" there was very popular post a few years back and LA based investor took out a large HELOC on their personal residence so they could buy 8 units in a mid west city.. that he admitted were D class and on paper the cash flow was huge etc etc.. 

Investment Info:Single-family residence wholesale investment.

It will enable you to continue living for free while your residents pay off your mortgage for you.There are several turnkey companies in the middle/southern part of the country where you can buy high quality single families for under 275k in landlord friendly states.

As a Meridian resident and investor I believe you need to look at co-living - Buy a house, add bedrooms or get your first one with 5.  

For a rental to be considered "Owner Occupied" It does have to be the owner's primary residence.

They had no problem with my random small town banks.

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

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

And do you currently own your primary residence?

You can set up searches and get instant alerts, as well as open the app to see what's for sale around you using GPS.Keep that investor mindset when buying your primary residence and make sure if you want or have to move sooner than expected you have exit strategies in place such as buying something that will rent and cover it's own mortgage.