Armin made a good point about capital gains exclusion due to the primary residence and living in the property 2 out of the last 5 years.I also want to say, I fundamentally disagree with the perspective of @Darius Kellar. 

What can you qualify for.But first deal make sure you go based on fundamentals, you can handle the mortgage, you have an exit strategy if it does not go the way you think. ie: rent out, flip, live in the property

Whatever you do in a tight contracting market you wanna protect yourself by relying on solid fundamentals.

Phoenix is on a huge upswing.Buy fundamentals and what makes sense for cash flow.

If you can do conventional with owner occupied 5-10% might work too.Buy with fundamentals in mind, dont buy for speculation but what can you reasonably increase rents for and cash flow.

As a broker, establishing valuation to take a property to market involves understanding the fundamental metrics that are involved.

In my opinion, you might be better going from a large market like Boston to a market with some solid fundamentals to ease your way into out of state investing - if you're looking to be in NH, then Manchester is probably your best bet. 

This is a fundamental rule to finance that most on the site get backwards as well, including those that promote the brrr strategy.

If you acquire an underperforming one, increase revenue and fix the fundamental issues, I’m sure that you can then show a bank your operating statement and get a small business loan but I think with a small business loan, the money provided is strictly for use within that business.

These are fundamental concepts in real estate investing that you will want to master.