I appreciate you taking the time to list those concerns.

I get random texts like this all the time.

this is my first time here and also my first time getting into the real estate investing game.

What if we made the balloon payment in year 5, will she be paying capital gains in proportion to the proceeds she received at that time or will the sale of primary residence still apply since technically she qualifies for it when she sold it?

If you need to be on the loan as well & you plan on keeping your current home, you run into the FHA guidelines regarding having more than one FHA -insured mortgage at a time.

This can free up your time to focus on high-level tasks like negotiating deals and building your buyer list.Title Companies/Attorneys: Find investor-friendly title companies or real estate attorneys in your target markets.

There is also a prepayment structure that is equal to six months of interest (so half the rate) for about five years - this is more common for west coast DSCR lenders (sometimes called "Cali Style"Generally OK to negotiate - but with no prepayment penalty, you are likely going to have a significantly higher rate or points at close

I now actually live in Colorado full time and am looking to get started. 

Pay attention to the number of times that people have sold the house.

I want to begin investing with a house hack, but more generally use this position (with it specifically being in the RE industry) as a jumping-off point for a career in investing, eventually full-time.