The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area. 

Could happen but very rare. #4 See everything you plan to buy in person. 

They are not buy and hold forever type properties. 

Congrats on buying an investment property.

Investment Info:Single-family residence buy & hold investment.

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

Investment Info:Single-family residence buy & hold investment.

Convert the property you are living in now to your second rental, and buy a new home for yourself. 

.💰 Lease Duration: 3-12 months🎯 Ideal Tenants: Young professionals, digital nomads, students📈 Revenue Potential: +23.2% per sq. ft. over Class A studio rents✅ Pros:✔ Higher rental income than traditional leases✔ Demand is growing due to affordability & flexibility✔ Lower vacancy risk with built-in roommate replacement❌ Cons:✘ Regulatory hurdles in some cities✘ Higher tenant turnover than LTRs✘ Requires active management & community building🔥 Investor Insight:Co-living is an undervalued niche with major growth potential, but you need the right location and strong operational management to succeed.2️⃣ Long-Term Rentals (LTR): The Classic Buy & Hold Strategy📌 What It Is:LTRs are traditional leases (12+ months) where tenants rent an entire unit.