It's better to do a cash out refinance while it is still your primary home to get the lower rate.If you wait to refinance the rate will be higher when you move out because it will be classified as an investment property.

Hello all, I’m looking to buy a new primary residence and turning my current one into a rental property.

Hi there,I am in the process of closing on my first duplex that will be used as a primary residence for 1yr before becoming a full rental property!

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

Thanks Jaren for the info, our lender used 75% if it was not on our last years taxes and 100% if it was when we purchased our last primary.

But I would confirm what they were doing in 2008, since I have heard some syndicators talk about "I started investing in real estate in 2004..." which, when you dive into it, they mean "I bought my first primary residence in 2004", which is vastly different than doing large scale investments.Regarding syndications, only accredited offerings, etc: I tend to disagree.  

I think you can't get this credit on an investment property but if it is your primary residence, can you apply the credit on the investment side of the duplex?

Save for a year and then primary flip.

My partner and I are prepping to list out our primary as well. 

If a primary residence is converted to a long-term rental property, can bonus depreciation still be claimed in the first year?