We just got a Va mortgage for our primary home as we just moved here from south Florida.We are trying to get pre-qualified for this second loan but it seems like we are at 65% DTI ratio and the bank want a co-signer.Any ideas how to go around this or any suggestions how to make this happen?

Mine was on my primary residence.

My understanding of Capital Gains from the forums and podcast is that I wouldn't have to pay Capital Gains since I have lived there as a primary residence for the last 2 1/2 years?!

This is going to be a my primary home and I wanted to get a rough estimate on what I can expect.

If so, what are the primary benefits? 

Hopefully you can pick up one more primary residence in Huntsville, and add that to your rental portfolio when you retire in 2 or 3 years..... 

I think it's a cool idea but I would charge a "per property" fee rather than a "per month" fee.This way it opens you up to owner-occupants and primary residences as well as investors.

1/2 tax free from the primary residence exclusion and the remainder you can 1031 tax deferred into another investment property. 

Remember polybutylene pipes will also raise the cost of insurance.A buddy of mine recently had to pass on a SFH he was buying as a primary because of this.

The issue I am having is I want to purchase my first investment property using my LLC but the requirements my community banks are sharing with me is higher than I anticipated.I call few of the community banks in my area and they are requesting 20 - 25% down payment for an investment home with 2 months of reserve for my primary residence mortgage and investment property.