But you cannot exchange from an investment property into your primary residence. 

I would assume that if its for a short term loan, it would likely be better terms with the HELOC but I dont know much about the subject honestly. 

But I will be honest, the rentals I have been added the last 2 years here in DFW have negative cashflowed.

We have been told that fha will not cover this since there’s are two residences on the property.

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

Hey Josue, fellow Californian here (and former Bay Area resident). 

I'll be keeping your info as I'm about to be a North Carolina resident and property investor.

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

I currently reside in Ohio where I buy SFR rentals and do a couple flips a year.

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.