Save...it takes a lot more money than most new investors believe (don't drink the Kool-aid that you can get in cheap) and residing outside the US will be seen as a substantial risk to most lenders which will limit your financing options. 

Hi @Dawn Bertrand, I'm sorry that you feel this way about your experience as a resident of JWB. 

Currently your best bet will be to make the down payment and closing costs using USD presently (and for the last two bank statement cycles) residing in a FDIC-type depository institution.

A D class neighborhood will carry a stigma with local residents.

Quote from @Salil Surendran: Just rented out my primary residence and researching insurance coverage.

I could be wrong but I thought I saw that Sacramento requires primary residence for the owner for STR.Do you live in Sacramento or nearby ?

California prices are really unaffordable at the same time the state has consistently had outmigration of native residents for something like a decade and even negative population growth recently whereas Texas has grown substantially. 

Most would agree that taking money from you primary residence is not a good idea at all. 

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

Why are they leaving their prior residence?