I mean get to know it for real:Ask yourself- What is the market doing now and how will I position myself based upon that or reposition myself should the scenario change, dig into the Development Trends that affect the value in this market, you would be shocked how this could vary by neighborhood or zipcode, or not.

I'm waiting to see a purchase agreement with CCRs to see how specific units that I like are affected, but wondered, does anyone here have experience with this? 

I wasn't sure how the primary residence requirement for an FHA loan would affect this.I am also very new to real estate and have just been researching/reading as much as possible until I purchase my first property so any and all advice is welcome!

I've been reading The Book on Rental Property Investing and I am repeatedly told to come here so here I am.

If you get her son convicted, it could affect him for the rest of his life. 

After some basic research, I found http://rentingoutrooms.com/how-roommates-in-your-house-affect-your-homeowners-insurance/.

I agree with much of the advice that has already been offered to you, so I won't repeat.

Not sure if this will affect the answers.

These deals are typically found money for a landlord, and done right it should not affect the value of your property. 

My plan is to roll that equity into the next house and repeat the process.