That is because once things go bad, you want them out as fast as possible.

Also, if the lender found out you turned the current place into a rental, they may punish you with fines.If you refi and change it to a conventional loan you should be able to get a new FHA loan for your new owner-occupied place.

Not cheap but gives you an idea of what you can do just by changing your pattern.

If you have a $100k property without debt and then pull out $75k by taking on a loan, then when you go to sell that property (assuming no change in value) then you would need to spend the $25k of equity and buy something for at least $100k - for most investors this is achieved by taking on equal or greater debt.    

Caviar will achieve these goals by combining investments in fast-appreciating crypto-assets with income-generating short-term loans, backed by real estate in the United States.

@Ryan Swan under those circumstances, no, the valuation would probably not change much.

My agent indicated that a pre-qual needs to be submitted with an offer.Fairly certain that hard money is my best (if not only) play for this deal, taking into considering my income, cash on hand, and the opportunity to close fast.

As a reference my rental property changed in zillow estimate value by $20K in 6 months which was more than 10% of the total price.

This all happened when they changed from "clear" to "mark as read"

Unfortunately, we are like 2 weeks out from closing on the house so we wouldn't be able to make these changes in that time frame.I'll need to review the Quals for FHA to see if we could use it on our third home.