@John Leeagree with being picky with where you live and your primary residence. 

In 2022 I also sold my money pot personal residences for $961,000 and purchased it for $154,000 in 1999. $500,000 was tax free due to being married.  

Investment Info:Single-family residence buy & hold investment in The Villages.

What would you do with your current residence if you planned on living in the new one to get an FHA loan?

I have had wholesalers call me on my personal residence and tell me it comps at 650k.. when in fact its worth closer to 1.4 mil all day..

Quote from @Jabs Carter: Yes, I am a Texas resident but I invest out of state.

Attorney’s OfficeMay 13, 2011District of New Hampshire(603) 225-1552CONCORD, NH—Former Nashua resident Walter Bressler, 42, of Frisco, Texas, pleaded guilty in U.S.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

Investment Info:Single-family residence buy & hold investment.

Tenants may not occupy residence without utility service except during brief interruptions beyond your control.