@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.

You should be able to pick up several properties before a traditional lender starts to flinch at your application.Todd

@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. 

Where I need advice is - my primary home is fully paid up so I have a good amount of equity, should I pay for the rental property completely using my home equity or should I only take the down payment from the home equity and get a mortgage on the rental?

Currently uses Windows Desktop as primary computer.

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

With regard to your price point, if your primary goal is cash flow, you don't even need to going that high.

My primary interest here on BP is that of becoming a flipper/rehabber; I love the idea of taking something less ideal and making it beautiful for a family to live in and make great memories there.

I have an issue now because my buyer is (even though they qualify for a traditional loan) is not able to obtain a loan for this property. 

This will not be an investment property, this will be used as primary home.