We purchased our house hack in Arvada, about a mile northwest of Old Town. 

Is it possible to get a FHA loan on a new investment property, single to fourplex, (which I plan to move into for the first year) if I currently own a home that I just RECENTLY refinanced with a conventional loan in the same city WITHIN 40 miles away? 

After reading up on the market, there are clear differences in the North, South, East and West areas of the city. pertaining to population demographics, employers, and construction/development.If anyone has any recommendations on particular neighborhoods to that fit my description that would be helpful.Thank you. 

Units are 30 miles away from my home.FACTS:   Current rents /offer $ = $145 Monthly Cash flow per door / Proforma Cap Rate 6.16% / Cash on Cash ROI 5.33% / Purchase Cap Rate 6.16% / 50% RULE -$211.80 Monthly Cash FlowMarket Rates (conservative)/offer $ = $167 Monthly Cash flow per door / Proforma Cap Rate 6.36% / Cash on Cash ROI 6.16% / Purchase Cap Rate 6.36% / 50% RULE -$126.80 Monthly Cash FlowThank you for your honest evaluation and expert insight on this - MUCH APPRECIATED! 

    * The demand for investment properties far outstrips the supply in most markets, so most agents will take the "nobody got no time for that" approach if you ask too many questions :) I have a couple of agents that I work with regularly and they go the extra mile for me.

The normal requirements for a 2nd home loan are generally that the property be x number of miles away from your primary residence. 

I have done my own comps of everything that has sold in the last two years within a two mile radius.

After doing some research and setting up a model I determined that cap rate are so compressed on Multifamily I will actually be losing cash flow even after leveraging my equity by three times.Very surprising... if and when interest rates ever do go up I suspect there’s going to be a lot of trouble in Multifamily.I have also considered some commercial options like car washes and laundry mat... seems like that requires more time to manage and also a learning curve ....I’m getting a little too old to risk it all ...would rather just stay the course of single-family.my 10 rentals are in a very desirable area in South Tampa all centrally located within a mile of one another for self management efficiency.

I think it’s a great investment because of its location and price, it’s only 1 mile from the middle of Helen GA which is a huge vacation spot most of the year.

I had a property sent to me today that had 11 shootings since December; all within 2 miles.