Hi Sharon,It sounds like you're in a situation that requires careful consideration of various factors, both financial and related to the property's condition.

A little update on my property, I did purchase that property back in September, but it turned out to be Single Family residence out in Frankford.

Currently own my primary residence and 2 investment properties are a beach condo (short term) and single family home (long term rental).The problem is I run a successful business and have no time to do the research in new markets, deal flow, upgrades, making sure cashflow, property management, etc.I am also not a real estate professional.

Me and my wife have a house that was our primary residence (no mortgage), and looking to rent it out.

More money than I care to say out loud to a CPA who takes the piles and piles of reports and documents I generate from all this, plus my W2 and my wife's W2, and turns it into something that the IRS will accept.

I also need some other “soft” costs (origination fees, etc.) taken care of to get the deals going for each deal. 

However, after talking with the loan officer, he said you cannot change your primary residence while in this loan (even after a year) and that it was technically the same for FHA loans.

Is this for a primary residence or investment property? 

Investment Info:Single-family residence buy & hold investment.

All the above references owner occupied residences, Federal law has no prohibitions concerning due on sale in non residence situations.