Account Closed If you are living in the condo currently won't you have to move and most likely buy another property anyway (primary residence) to see any rental income, or am I missing something.

I bought a condo in Williamsburg, Brooklyn in 2011 which I used as my primary residence up until this year.

I currently live in Baltimore with my wife, baby and dog.I purchased my first home as a primary residence in the Canton neighborhood of Baltimore in 2012.

She bought the home several years ago under a traditional mortgage, but pays a ridiculously high mortgage every month compared to how much the house rents for.Put in a simple matter, she's fed up with the situation and has my immediate family (We live in the same town as the property, while she's living far) managing the house.

80% is max cash out for a primary residence.

The two car garage would be for primary residence leaving a one car garage for upstairs rental unit of approximately 900 sf. 

I have already purchased my first primary residence using a first time FHA loan so that wouldn't b an option.

If you have the cash, you can buy one with the FHA, and the other traditional (25% down). 

I see a lot of small business owners pulling their hair out over bookkeeping and losing sight of their primary business and goals.

I bought a property as my primary residence.