I have seven rental houses and one primary resident house that I would like to get put under once policy if at all possible.

This home would be my primary residence by the way.

His book, Real Estate Finance and Investments: Risks and Opportunities, (now in its 3rd Edition) has been adopted at over 70 leading universities, and is the leading primary reference source in real estate finance and investment.

This is one of the primary indicators for rents.

Well the primary plan would be to sell the property before the end of the year, and if that didn't happen, then I would have to pay the property taxes on the land until i do sell it, or if I stop paying then it would be reclaimed by the government and put up for auction once again.

So my question is this, how will buying a (non owner occupied) rental property first, impact buying a primary residence later (hopefully in a few years) with a low percentage down or first time buyer type loan ?  

I have 2 former primary's one from spouse now valued @90k rented for 16 yrs @800 and a mortgaged (176k balance and 15yrs to go) Luxury condo @300k leased @2k.

While taxes are certainly a consideration when I'm doing a cost/benefit on a potential sale, it wouldn't be my primary driver.Any s/t gain would be considered ordinary income.  

I currently have 6 MF properties and carry 8 mortgages including my own primary with an HELOC on it.  

I also have approximately $60,000 in combined equity between my primary residence and my rental that I could access via HELOC or cash-out refi if necessary.My planned strategy has been buy and holding a few small multifamily properties (if I can find any) until I can scale up to a small apartment complex or two.