You (and your family) have to be comfortable with the added risk of leveraging your primary residence, but I think it is a good route to go.

Since Ive been looking at loans, it appears that if I was to buy say a single unit for the purpose as an investment to rent out, I would need 20% down... but if I was buying the unit as my primary residence You can qualify for a MUCH lower down payment depending on your income. 

I'd suggest start looking for primary sources, possibly through local government and chambers of commerce.

Google Play Music indicates that Google Podcasts is a different platform. 

Since I do need to make repairs to my primary and have about 30k in equity, I'm not sure where to look to for funding the necessary repairs. 

He's not looking for an investment, just a primary residence. 

I bought their house as my primary residence.

After reading so many stories of success here on the site and really thinking pretty heavily on my future I had moved to the conclusion of renting out the home rather than “house-hacking” or making the home my primary residence.

I am financing this with the HELOC from my primary home in WA.

@Susan O.Non-qualified use is the period of time as a rental (not qualifying as your primary residence).Qualified use is the period you lived in it (qualifying as your primary residence)Your scenario would probably shape up into something like this...Daughter rents for  - 3 years (non-qualified use)You live in it for  -      2 years (qualified us)Total time owned -    5 yearsAmount of exemption available for primary residence - 40% (2/5ths) of the gain up to the $250K limit for you.Plus you recapture all depreciation.And don't forget that a property you convert into your primary residence that was the subject of a 1031 exchange has an overall holding requirement of 5 years.