Other than owning several primary residents over the years I know nothing about real estate investing.

We sent out revised emergency contact forms to all of our residents this year, asking for the name of the person who has permission to remove their belongings "in the event of prolonged absence from your apartment".They understood what we were asking.  

Can I move into the second home from the first home to make it my primary residence and use my current home as an investment property even though the second home is in the same neighborhood (since I am not trying to take out two FHA loans at once but one after the other)?

They are a true non-resident visa holder.

Easiest to talk to that person's local bank who will connect with USA branch lending (for example if you have hsbc premier account, they will arrange a US mortgage). 40% downpayment, and interest rates normally 1% above the current rates for US residents. 

I own a SFH in Santa Clara CA in which I lived for quite a few years, before I moved to my current residence.

You must plan on living in the residence you purchase and not renting it out for the life of the NIFA mortgage loan.

I've been using Lonnie Gray of Resident Properties, residentproperties.com, since 2010.

Any advice is greatly appreciated :) Hi Joseph,There's no rule that says you must own a primary residence before investing in real estate using traditional mortgage financing. $100k mortgage says you're probably investing out of state.

Or is there a clause in homeowners policy that voids the coverage if it's not a primary residence?