Once there, accelerate the machine, buy another 1 or 2 investment properties in the next year and a house where we will live for a year or two to renovate, then rent it and buy another one.Do you think the plan is appropriate or do you think I should reconsider keeping the house and renting it?

One of my clients (I am a Realtor®) is using a Fannie Mae loan and their lender told them they had to be a first time home buyer as well.

If you really want to work with them, I would suggest moving there or if they aren't providing a huge benefit for you, I would stick to where you are and work incredibly hard at building a real estate lead generation machine for motivated sellers.To be a great real estate investor, you need to learn how to get great deals.

This is a how would you handle this situation type of question.The house is : 130,000Mortgage is: $800Just based off the info provided, How would you rent out the house. what steps would you take to start planning this as a cashflow machine?

They are not that expensive, but they are very useful labor saving machines.

Hello,I am in the process of purchasing a 7 unit building that has some old laundry machines in it.

Realtor®/Wholesaler over here!  

Now you have a cash generating machine to fund your other purchases.

Machine shops, mechanic shops, even clothing stores and restaurants will lose a huge part of their business. 

But toys that I have spent money on are  pinball machines,  a classic car,  etc.