If you convert your home prior and decide to rent or live else where in the interim, then decide to use FHA to qualify for a new primary you can use the rental income with out restrictions of the 100 mile rule and still qualify for FHA.Their (FHA) guidelines are rigid, but with proper planning you can adhere to the guidelines and accomplish your objectives while avoiding the unintended consequences of the rules.Best practice would probably be to wait a few months after moving till utilizing your FHA loan to obtain another property.FHA does have a max of 7 financed properties including the FHA insured property (6 rentals + 1 FHA primary) so it looks like you're riding up to your max with the current of 6 financed properties.

The hills east of Brevard looking back at the Blue Ridge for example are awesome (we drove and rode the entire area...did an 80-mile bike ride one day!)

This is my planBuy a house that needs rehab cash, fix it up, contact hard money lender, and refinance.I want to do this with a at least 15 properties and ride appreciation then sell it in about 2-3 years.The reason I want to do this is to pretty much cashflow a bit from each property and ride appreciation.Is there any investors that does this ? 

It'll be a wild ride, for sure! 

I spent the last 17 years working in the Internet industry, a roller coaster ride of feast and famine, only to land here.

I AM NOT LOOKING FOR A FREE RIDE.

Proceed with immediate notice to vacate for late rent to try and force rent payment, and then ride out as #1 above.4.  

Sad...they got taken for a ride.

If it seemed like a good situation I would let the lease ride out and see if we got along.

Hey guys I want to attain the American dream but wake up from it and live a long life afterwards. Who is with me!?