Anyone can live anywhere they want if they have the money, and sometimes houses are bought and then rented out without much background checking on the people moving in.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

I'm hoping to do an FHA 203(k) within the first half of this year and eventually rent it out after living in it for about 2 years.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

If I were new I would simply stick to areas close to where I live.

Not the cheapest 25% or the most expensive 25% but I’m the middle, where people want to and can afford to live. 

Your primary residence - if you've lived in it for 2 out of the 5 years prior to selling you'll get the $250K/$500K tax free iike @Clint Galliano said. 

House hacking in Chicago can be a game-changer—letting you live for free (or close to it) while building wealth through real estate.

I live in the greater Nashville area.

I have no reason to stay in Gilbert, other than it's where my family lives currently, so it's nice to be close.