Hey everyone,I just bought my first home for primary resident.

If you are going with a traditional bank, your best bet is a smaller regional bank. 

They will do up to 4 lines including your primary residence.

Am in CA now due to my primary job.

So in your case, the appraisal will be similar in scope to a primary residence. 

There are other ways to increase your rent payments by on-site amenities, it's accessibility on it's frontage/or primary road, it's location that is close to a good accessibility to many businesses, and the parking that they get or have to use.' or any other value-add item. 

I can't remember any time in the last 5 years that I've had a vacancy more than ~10 days TOPS. the last few properties I've rehabbed we had tenants lined up for before the work was even complete.when I moved to Vegas and left my primary to be a rental.

If in a year you expect to profit well at market rent I would keep it, if it is break even sell it while you can consider it still as your primary residence.

Any reason why you would not start a new traditional loan.

I am familiar with the Brrrr strategy however most often times people talk of buying with low or traditional down payment as opposed to buying the property and doing all the rehab with cash.Anyone have some examples of why you would or wouldn't want to do this?