In any case, if the property has gone up in value over what you paid, when you sell you would get hit with the whole gain (plus depreciation recapture) because it is not your personal residence.

Would I run into any trouble because I am an out of state resident/buyer in Virginia?

Typically you would have to start the eviction process on all persons on the lease and any other parties who may reside there.

The house was a primary residence, then a rental, and now I'm living in it again for now.

I reside in Little elm and have very similar interest, subject to, as well as purchase & hold . my interest is within the Colony,.

I'm a local Realtor, 18 yr resident and UT Austin graduate so I'm biased to my knowledge here.

Background: the house was a primary residence for 1.5 years, a rental for 3.5 years and now I’ve moved back into the house.

I understand you want to get the residency but there are other/better ways to get it without having to sacrifice your returns.

@Ransom PattersonI think the easiest way to get started is house hacking-Not necessarily the best way, but I do think it's the easiest.Getting loans for primary residences and investment properties are two different universes. 

@Jason ColemanOne concern is if you aren't using it as your primary residence, you aren't abiding to FHA guidelines.