In that same vein some of the key aspects for success are highlighted such as actively managing ones own portfolio vs utilizing an experienced professional portfolio manager; yes it will take a diminish potential profits a bit but it's an offset as you gain a lot more security, certainty of performance, and time, so much more time and so much less stress. 

I have read on Fannie Mae however that you need to own a current primary residence or have a current living expense in order to be able to use the rents of the purchased property to offset the mortgage.I wanted to sell my home first and then buy after in order to increase my leverage when negotiating on both the sale and the purchase but if I can’t use the rents that would greatly diminish my ability to qualify for a bigger loan.Just because I know it matters, my current salary is about 8k per month with only 1 recurring debt payment(student loans) at $318 per month and my credit score is 760+.

Don't expect to get rich, expect to learn and diminish the fear of making a mistake.

Article Highlights:A 454-acre development in Georgetown called Parmer Ranch will include more than 1,000 residential units, 100 acres of commercial development, 47 acres of parkland and sites for elementary and middle schools.According to data from the Austin Board of Realtors, the county's housing supply has diminished over the course of the pandemic, falling to 0.8 months of supply in September. 

@Jimmy Scott Jim Rohn talks about something called the law of diminishing intent.  

You want to make sure your goals and actions have compounding interest, not diminishing returns and that can only come from knowing what it is you want. 

Downsides are that while "free," floor space is compromised, curb appeal diminished, and maybe biggest:  the local board hates garages. 

If A, I feel the return on investment and cash on cash return would be diminished due to buying an already repaired and appraised property.If B, I would have to save a few extra months to budget for repair costs, Unless I can find a private lender to help me out.

A steady cash flow with the potential for increased property value seems great for an investor that isn’t local and isn’t interested in utilizing a management company long term or at all.Would that be worth consideration or do you think the fees and closing cost from a sell would potentially diminish gains?

During my 4 years in college I stayed in two 10 person houses with my buddies, although there was always something to do all that testosterone inevitably resulted in many holes in the walls and broken doors.