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.

@Teal PriceIF you want to go back into any kind of investment real estate - 1031 is the answer.If you don't want to be a real estate investor anymore but can be patient - then sell, 1031, buy a nice house, rent it for a year or two and then move in as your primary residence. 

The best source is drive the streets, talk to residents and investors who already have a footprint in the area.

I am currently doing a rent to own in my primary residence, and I’ve been living here for the last 3 years.

RealtyShares finances a variety of real estate property types including multifamily residential, office, industrial, self-storage, retail, hospitality, as well as single-family residences being used for investment purposes.

Affordable prices and booming economy and GROWTH:The region has been Virginia’s fastest growing for five consecutive years, with a population of 338,000.A highly skilled and expanding labor force of more than 1 million resides within a 40 mile commute.Strategically located just 35 miles south of the nation’s capital and 35 miles north of Richmond, capital of Virginia.Over 47 miles of Interstate-95 serve the region, carrying 120,000 cars per day.Excellent rail service is easily accessible, including Virginia Railway Express’s commuter service and Amtrak.

My goal is to invest in a multifamily (4 doors or more) and this may be possible by selling my primary residence or HELOC.

Article from today —Almost 50 percent more potential homebuyers from outside Arizona searched for houses in Phoenix area during the first quarter than a year agoAbout 23 percent of out-of-state buyers looking in Phoenix were from Los Angeles during the first three months of this yearDenver residents’ top pick for moving was Phoenix—Metro Phoenix draws homebuyers from LA, Seattle and Denverhttps://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/07/15/metro-phoenix-draws-homebuyers-la-seattle-and-denver-home-prices-household-income-redfin/772863002/

Typically the adjoining property owners will fight you especially if its single family residential, but you need to prepare a solid presentation to the Town that your plans are the best use for the property and more specifically monetarily for the Town and its residents.