I also hear you that buying a nicer primary home isn’t real conducive to the long term plans.I’ve been calculating 10% vacancy rate and understand I have maintence on two homes if I go that route.I figured the 1600+2400 payments was still under a 33% dti, we don’t have much other debt to consider.I have also considered doing the same thing but selling our existing home when we find another and not doing a rental now, it’s just the positive cash flow is not something I’ve been able to find in our market so I thought that may make it worth doing.Thanks again all good data to consider.

I’m looking into alternative methods to house having and MFH run for $700k+ out here.At the moment, I live in a detached garage converted into a 600sf 1bd/1bth.Since the 700k price point for a duplex with max 3bd/2bth unit to rent it out of question for me, I was thinking of the possibility of picking up a smaller house with the possibility of converting a garage or building a separate addition that my wife and I would then be able to live in while renting the main house.I know CA is becoming very favorable towards ADU’s now a days and was wondering on if this could qualify as a primary residence for myself as well as me be able to use potential rental income for me to be able to qualify for a loan.Still new to BP and REI, I couldn’t find a google answer on this, so any help would be appreciated.Thanks!

Own a 'good enough' primary res. 

Also, I am a little unsure since my primary residence is in New Jersey but most of my properties will be in Pennsylvania, how does that work?

My wife and I share a mortgage for our primary home.

The properties are previous primary residences that I thought were cashflowing but they really aren't when I add my reserves etc.

@Leah Roberts You need 25% down payment for 2-4 units on investment property.  3.50% for FHA and 5% for Home possible requirement is for primary residence.

Here is my question.Is it possible to use an FHA loan to purchase a MFR while still currently owning my primary on an RD Loan?

My primary residence is in the neighboring zip code 19130 so pretty familiar with the area.

I like having free and clear properties, but I did it in reverse of your scenario because my primary loan rate is fixed at 3.375%.