Something tells me that wouldn't fly these days though.Another option is to find a commercial lender willing to fund the deal; the underwriting for those is a little more flexible in some areas. 

If you do that it give extreme flexibility with moving.

Partnerships have a lot of flexibility however with that they can easily become the most complex operating entities. 

They might get down like that in Yuma, Needles and Bryon (read desert)  Google / Facebook / IPO millionaires are to close and after the IPO they need a place to park their money, so carries are not a thing like they are in "fly over country"  Look here for people that solo 401k / Solo IRA loans that might keep it in their portfolio as they usually have more flexibility in how they underwrite their opportunities. 

With our joint income, we’d have about 40k a year to invest.We’re pretty flexible people and don’t mind the lifestyle choice behind either option.

If you are flexible, you also have the ability to sell that home for a profit every two years tax-free and invest that money.

@Sam Kubwimana I would say to take advantage of a lucrative career that offers flexibility in where you live and make that part of your competitive advantage.  

It seems like there is more flexibility when the investor can have control over the LLC (and the checkbook) to be able to fund deals as they come along.

This allowed us to have the flexibility we wanted when searching for our first purchase.After about 6 months, we were able to purchase another house in the Lynchburg area with the intention of staying there for a few years .  

BoHome Equity Line of CreditChoose a Home Equity Line of Credit for greater flexibility with easy access to funds on an ongoing basis.