Ideally, if it’s a FHA assumable loan the property has to be your primary residence for a year.

Once I’m in a financial position to purchase a new primary residence, I would then use owner-occupant financing to purchase this second property, move into it and rent out the first condo at market price.

Is this your primary residence?

I have certainly used one to purchase my primary home - but not an investment. 

We are selling a Virginia property which we bought as our primary, but switched it to an STR.

If you don't currently own a primary, househacking is where I'd start.

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

I've been renting out my previous primary for 5 years.

We are fully booked for high season (Dec-March) through 2026.I know this is not the typical investment, so totally appreciate any advice anyone may offer. private money will most likely be at a rate of 50% greater tahn the primary.

To decide between a one-bedroom and a two-bedroom setup, consider your primary target, Furnished Finder, and the secondary option, Airbnb.