I have $50,000 to invest in real estate.Question is: What if I rented out my personal residence for at least the next 3 years?

Yes you're supposed to live at the property for at least one year as your primary residence which means at least 51% of the time. 

I don’t think this would get the tax breaks you get for a primary residence

In fact I have all of my properties in trusts which makes my residents a part owner in the property and they are required to take care of all the upkeep and repairs on the property.

I purchased the home 4 years ago as my primary residence and have had tenants with steady income on three tax returns from the rental unit.

What strategy is this...a slow flip that you are living in, a traditional rehab and sell, your primary residence you intend to inhabit forever?

@Nicole Heasley If you are looking to purchase a single family home as a primary residence you can get away with as little as 3% down.

I applied for a HELOC from the same bank that holds my mortgage on my primary residence.

hi everyone,I'm thinking about house hacking out of state (I currently reside in California).what are some qualifications that lenders look for in a FHA loan?

@Wayne Brooks @Kim Martin I encountered with a property in TN under foreclosure by the bank and I've been told that for a period of 21 days I, as investor, can not bid on it (fiest dibs goes to people who will gonna use it as primary residence).I guess this may change on case by case scenario.