Also, the good thing about primary is that it only requires you to put as little as 3.5%-5% for properties up to 1-4 unit or 0% if you are a VA.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

This way before you even acquire your property you already will have a general idea of who you will need to make relationships and how you will need to position yourself to see success. 

How is required capital to buy & maintain a property positively affected by S8 program? 

@Theresa Hansen, since you're nearing retirement, you should position your investment strategy toward cash-flow predominant assets.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

I'm going to start out with first position mortgage foreclosures (probably not the best idea to jump into a second position or HOA foreclosure until I fully understand the process), but even with the first position foreclosures, some of these deals seem too good to be true.

I would say to think about the long term--there may be bumps in the road, but Jacksonville and all of Florida is very well positioned for the next 10+ years.John

Just used the builders standard financer with the intent to use the home as my primary residence.

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

If you're married but your spouse does not work and is on your primary mortgage there are still ways to work around this.Seem appropriate to say I am NOT a lender but I do have a fair bit of knowledge on this as my wife and I own 12-doors in Detroit but live in CA.Beyond the fact that you could have 20 conventional mortgages between you and a spouse, how you should proceed is dependent on your goals.Would 10 SFH's be "enough" to reach your goals?