If FEMA wasn't holding onto my wallet, the mortgage would look more like $1,200 right now, leaving rent to look like and more-reasonable $1,300/mo.I've considered:A) Selling the Bunny Ranch altogether (probably at a loss), finding our next place in CT, and hoping that we can house hack (this one is edging out the others at the moment).B) Trying to rent the BR and temporarily rent another place ourselves until we find our next permanent spot.C) Staying put, living with the size (and FEMA...), and paying down the mortgage as fast as possible (to say goodbye to FEMA).D) Staying put and investing our savings into a buy-and-hold property / properties outside CT.So, BP Community (if you've read this far), please throw your ideas at me...Thanks!

I know FHA loans are for first time home owners, and I wanted to make sure being the owner of an investment property in Kansas won't keep me from being able to qualify for an FHA loan if I decide to make Los Angeles my permanent home and subsequently want to purchase a place for myself here using an FHA loan.

But, they are also forgiven with a permanent disability or your death.  

I have an opportunity to purchase a property that is a mobile home that has had the title removed (it has a permanent foundation) and for tax purposes is part of the real estate.

You can use those up and pay those down vs getting a permanent second.  

But I've also rented to people moving to Denver and looking for transitional housing while they search for their permanent house.

I personally like permanent life insurance ;) You can take that tax-free money and put it into a tax-free growth vehicle so you don't have another capital gains tax problem.

Originally posted by Account Closed:Account Closed.Like Ken mentioned, those specifics would help in determining any lending scenario.Additional information that would help is to know what residency you have in the US if any because if you do have tax returns, certain visa's or permanent residency, then you may be eligible for standard conventional financing like any other borrower or citizen in the us.The less paperwork you have in The US the more you'll be siding with foreign national(FN) lending programs which start at 30-50% down payment depending on your level of consideration as a FN borrower. 

I currently work there and will be moving permanently in the summer.

However, most lenders will require you to refinance after renovations are completed, and the two loans can be wrapped into one permanent loan.4/5.