Alternative Markets:If cash flow is your primary goal, consider looking at nearby markets with lower property prices and higher rent-to-price ratios.

I am currently renting out rooms to friends (all moving in/out at different times) and need to get a lease together.When I buy my next primary, I want to be able to use my current rental income to get approved for another mortgage.What kind of lease do I need now in order to make sure the above can happen?

I would focus on a primary home first and since 2-4 units are not really available in your area buy simple.

Buy a bigger primary residence? 

I am choosing to turn my current primary into a rental in TX, and possibly moving to AL.

Hi, I bought my primary home a few months ago with only 5% down with a great interest rate.

@Heidi Cousineau, you mentioned house hack and STR in the same sentence, which to me sounds like you're buying this as a primary and intend to rent out right away.

Note is on my primary residence.  

Why not sell, since you have a primary exemption for cap gains, and buy a MFH in the city you like? 

Hey Malik, Theresa is right, if you're not purchasing the property as a primary residence, you will need to put at least 20% down on an investment.