I am actually thinking if I should purchase one for my primary residence. 

Purchase price: $268,750 Cash invested: $60,000 Sale price: $430,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Hardin, successfully completed a fix-and-flip on N Deerview Dr, Lake Villa, IL 60046.

That comes with the expense of the refi - but if you were already cash-flowing on your new purchase, you will only improve your situation when you refi. 

Hi Tyquan, An FHA loan would be an option for the use of a primary residence purchase. 

The more efficient solution might be to purchase from Grandma with the 25% down..you ca use the income to help qualify and obtain gift funds or other sources for the down payment.

I'm not aware of a state to state effect on the STR Loophole, several clients have utilized purchasing in Oregon with us from out of State.

Anybody remember to see this host cancel policy of AirBNB?

Purchase price: $135,000 Cash invested: $130,000 Sale price: $349,900 Better than new!

I work for/with a very investor focused lender and they support many of our luxury STR and second home coastal purchases for my client's in Oregon & California and they just waived the appraisal for a $800K purchase!

Purchase price: $475,000 Duplex, move in ready, one side had a renter.