I think you can go as high as 15% but it's cutting into your margins and depends if you are a GC yourself or not. 150k is close to a million or more.

What would you do with your current residence if you planned on living in the new one to get an FHA loan?

Looks like anywhere from 6k to 10k depending .   

All depends on the operator, the segment there playing in. 

Or free up more of your time depending on your goals?

I have some experience here, and my answer will be it depends. 

Still have to be careful though, with the block-by-block challenge, depending on the Class of Neighborhood.Also, be sure you understand the difference between the City of Detroit and the suburbs!

Quote from @Christina Weaver: Hi, @Steven Hamilton II  my husband and I live in California, a community property state.

Also, it depends on what area of the country you're talking about.

Depends on if you have panels, crazy layouts, etc.