Then sell at 5 years to meet the primary residence requirements. 

Scenario:I sell my house on owner financing for 200k with a 40K deposit. Would the new buyer be getting a loan for 200k or 160k?Help with this would be great.

I will be acquiring the property as a primary residence so hopefully I can find someone with a reasonable LTV and lower down payment.

I am new to Real Estate Investing and currently own one single family rental in Colorado Springs which was previously my primary residence while stationed in Colorado.

In addition, it would be helpful to talk to the exiting residents and see how much appetite there is for them to own and to get a sense for their financial strength.Hope this helps.

Someone told me Poway is paying residence to put them on their property which is crazy.      

I am in almost the same set up as you, a flat 2/1's, and a carriage house that I reside in. 

Heres an update:The townhouse I currently reside in is paid off. 

You can talk to a private investor, but not sure I see a big enough profit in your deal to take it on.Start living like no one else does, get a second job or a better job, so you can save $20-30K and you can make this happen.I've had to pass on two deals 'cause I didn't have the cash to put 'my skin in the game' (just put $70k into buying a primary residence).

If I own 4 rental properties, could I still co-sign on a 5th property under my wife’s name for a primary residence?