To qualify for our FNF or DSCR loan options, borrowers can be a first time investor, but cannot be a first time homebuyer. 

While such disparities can be due to a variety of causes, residents in these cities had economic tailwinds to help them through recent cost of living increases.To see where income increased most, SmartAsset examined Census Bureau data for 124 of the largest cities in the country and ranked them by the size of income changes between 2019 and 2021.

At first I thought to buy it as a primary residence knowing I would rent it out until such time I returned. 

We help investors to fund their deals, and making sure they have sufficient runway to qualify for multiple deals.

By keeping her, you are just kicking the can down the road and increasing your risk of losses.I highly recommend you find a qualified property manager before you run this investment into the dirt and lose big.

Long time residents can't even afford median rent because incomes aren't high enough.

Investment Info:Single-family residence fix & flip investment.

Personal residences or properties primarily held for personal use do not qualify for a 1031 exchange.State Tax Considerations - While 1031 exchange tax deferments are allowed under federal tax law, not all states conform to these rules.

It may prevent them from qualifying for another rental, a home loan, car loan, credit card, etc.

The best first step you can do is get pre-qualified with a good lender, then start looking at and analyzing potential properties.