Primary portfolio to be rental but couple flips mixed in.

If this were you, you would........Assumptions: house under contractBuyers credit: not greatBuyer has equity in primary residence.Purchase price: $365kDownpayment: 10%Rehab: $50kARV: $600-$620kBuyer has a HML willing to do 10% down on this contract.

I have family in Nashville and am looking to purchase/relocate a primary residence in either Franklin, Mt.

Homes bought as primaries and then turned into rentals (without considering them as a future rental at time of purchase) rarely work out well.

Any other ideas I can pull money out from my primary? 

If you forget the primary rules of investing (buy low/sell high & don't lose money) you are doomed to soon be parted with your capital.

Too many people buy a home that is great as a primary residence but sucks as an investment.

But you don't have to do it in such a way to limit your active investing.Use refinances now while money's easy to separate your debt from cash properties and personal from business.I'm guessing that IN has protections for homeowners and your primary residence. 

I am a civilian contractor stationed in the Middle East and have no primary residence in the States. 

As long as they sell it when they can still claim to have lived in it for 2 out of the 5 years prior to sale then they will get the $500K primary residence exemption.