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. 

Some people want SFR (single family residence) or multi family (2 units+).

Shaun, absolutely speak with a local attorney but a few things I would say from my experience in NC:-A notarized bill of sale for buyers is sufficent in many places for residents to have utilities turned on w/ local providers, so that should give all parties comfort regarding its legitimacy-The counties where my parks are located, a title is required to move a home, so they shouldn't be able to move the homes from your park-Depending on how "by-the-books" you want to do it, a mobile home dealers license is required in many, if not all states, if you're selling above a certain # of homes in a given yearI hope this helps.

Just wondering if anyone’s done a cash out refi of their primary residence to pay off a student loan?

It's location can be important, near a highway is the best.The physical appearance of the common areas is important and have the property lighting for its residents.