Strict HOA - move on.

If it was 2021, maybe even the middle of 2022, I wouldn't even ask this question as I would expect the results to heavily favor refinancing your primary into a rental property, taking the funds from your equity growth, and reinvesting the capital into the next property.I have heard many homeowners/landlords recently leaning toward selling their primary residence and moving the capital into something more passive.

I plan on doing my own investing moving forward, but have been very happy with the monthly checks. 

I may even sweeten the pot and offer to pay them a few thousand to help them with moving costs.

Having an LLC is not necessarily a requirement, but may be prudent move based on your intended activity.

Keep an eye on how loan rates move and try to guess their next step, as even a tiny rate change can mean more or less money each month.

You can't do a HELOC on an investment property, For that reason, if you're house hacking, it's always better to get the HELOC before you move out of the property.One suggestion for future financing, look into Bank on Yourself policies.

Start moving and figure it out as you go.

Let me describe my situation: I moved to the U.S. from another country and feel ready to purchase my first investment property.

I recently moved to Louisville, KY about two months ago.