Thus, we would not be able to sell to someone who wanted to move into the property as their primary?

Hey guys, I currently own my own primary residence and was considering selling (live in California with some nice appreciation) and using the BRRRR strategy for my next primary residence, keep it for a few years and do it again.Anyone doing this or do this in the past?

After a lot of thinking last night, we're now looking to rent out our current primary home and move into this future home. 

Congrats on getting income out of your primary! 

To help my brother convert his traditional house into a fourplex and become a vital part of an up-and-coming nonprofit organization.

Pay off the outstanding balance and the seller what they're owed (both stated in Purchase and Sale Agreement for everyone's safety).Obviously some of this is not traditional, such as getting something under contract before a debt is paid, but Real Estate Investing is usually more open to creative solutions. 

I intend to use conventional financing for the first few, as I currently only have one mortgage at the moment (my primary residence.)I haven't narrowed down a target market, but so far, everything has me leaning towards Memphis for a starting point.

@Joe G.I am not in anyway, shape or form benefit financially from this company, but when I was looking for a lender for my rental, I went back to the lender for my primary residence (Caliber Home Loans). 

Account ClosedYou can't claim it as a primary residence and pay yourself rent.

Your COC ROI is directly in line with my numbers based on traditional financing but this option was never brought to my attention in my banking discussions today.