You are not moving a 3 bed 2 bath 1800 sq ft home from St Louis and dropping it in Santa Clara... you are moving  the same value of your real estate property to a different market.Example 1: I own 2 properties in Scottsdale, but would love to instead own 20 properties in Detroit, MI for Cash Flow purposes. 

You are not moving a 3 bed 2 bath 1800 sq ft home from St Louis and dropping it in Santa Clara... you are moving the same value of your real estate property to a different market.Example 1: I own 2 properties in Scottsdale, but would love to instead own 20 properties in Detroit, MI for Cash Flow purposes.

I wrote the above for informational purposes.

@Brandon StevensonWhile using LLC for your rental properties is a great choice for asset protection purpose, doing so for your primary residence is rarely a good option.Doing so would have consequences regarding: Mortgage deduction,Homestead protection,Loss of the section 121 capital gain exclusion,Cost of insurance,Cost of mortgage,Property taxes in some states,

The OA sets the purpose of the LLC, who can make decisions on behalf of the company and other stipulations.I would hire a local attorney to set it up properly, otherwise you have wasted your time and money.

@AJ SmithFHA is a govt backed program intended to promote home ownership for lower income and people w/ bad credit.Pros: slightly lower down payment, can qualify with lower credit score, generally better ratesCons: PMI forever, longer closing (45 days usually), may require small things like a broken window to be fixed for the bank to move forward with the loanConventionalPros: PMI only until LTV reaches roughly 80% (I think it's 78%?)

Borrower should never pay any money out of their pocket for rehab on a 203k, because doing so actually defeats the main purpose of using a 203k, which is wrapping the rehab cost into the loan and using that extra money to pay the contractors. 

Is it still good time to buy in sf bay area or Texas for rental /investment purpose : SfR/multi fm Pro and cons for me :Bay area appreciation to continue ?

They use the same classifications as the IRS uses for tax purposes to classify a home as a vacation home or investment property.

I am just asking for conversation purposes,  I do not normally contact previous landlords although I do ask them where they are currently living as part of my screening questions.