Living in the property for two years likely allowed you to claim the capital gains exclusion... up to $250K for singles or $500K if married.

Quote from @Travis Timmons: Live in flip. 

The Importance of Honesty and Ethics in Private Money LendingAs a private money broker, I am in business to earn a living, but profit should never come at the expense of honesty and integrity.

I live out of state so no way to talk to a local person these days. 

Purchase price: $365,000 Cash invested: $550,000 Bought to live in, forced some equity and was able to get out almost all of my cash. 2.3% interest rate!

Quote from @JD Martin: I can't speak to rates - I think eventually they come down out of sheer necessity - but as far as the economy we must be living in an insulated bubble up here in Northeast Tennessee; no one has bothered telling us the economy is bad.

If you're thinking of living here I imagine operating this will be a challenge.

Doesn't matter that your living there.

Eventually I realize that when I think about living on post-expense rental income, I’m treating the income as the “withdrawal rate”, in Boglehead parlance.

Quote from @Jason Ghent: Hi everyone,For the FHA, what about the case where you live in the primary residence but just rent out the remaining rooms?