Investment Info:Single-family residence fix & flip investment.

They are saying that they are 'beseiged' with calls from LA County residents wanting to relocate out of state....to AZ (mostly).

However, are you planning to do a 1031 exchange, or is this a primary residence? 

The first step I did to raise capital was refinance my primary residence. 

Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.

Quote from @Allison Littman: I am currently trying to close on a church in Nashville (residential R6-A zoning) and convert it into my primary residence.

Investment Info:Single-family residence buy & hold investment.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

In most cases, I don't recommend renting out your primary residence especially if you have no rental experience and that is because usually your primary residence was bought without the idea of renting it out.  

@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.