Due to the owner occupancy rules and personal matters, I'm really trying to purchase in state.

@Sandeep K Shukla Personally I prefer longer mortgages than 7 years.

Good question - I've never been to this city or met the seller in-person, so it's an interesting story!

Is an IRS agent going to personally come in to inspect the countertops?

From my own experience, I know that letting personal biases or bad feelings about the seller or property affect my decision-making can cause me to miss out on chances.My first mistake was being too set in my ways and not being able to think outside the box.

Hey @Christopher Douglas I would get out and go to some real estate meetups and meet some people in person.

If you don't have such a person, you can go to a third party service like VerifyInvestor.com and pay a fee for them to review your financials and generate the letter (from an attorney).

Cleveland is a solid market, I also like a similar market of Dayton, OH which is 50 minutes outside of Columbus and has similar cash flow with more landlord friendly laws.

When you sign the FHA loan docs that you are moving into the property as a primary residence and you personally do not move in then that would be fraud. 

It sucks that you reside in a tax hungry state but owning property in your personal name is crazy.