That’s class A primary market rent.

To the OP, it may not apply in your situation but for anyone reading who has turned a primary residence into a rental property as I did, I have been able to use my former neighbors for things like taking possession of keys.

Here are the options we're considering.1) Use a HELOC to update our current primary residence (SFR), sell it, and use profits for next property.2) Move into a new property (probably MFR), using primary residence as a rental in current condition. 

Here are the options we're considering.1) Use a HELOC to update our current primary residence (SFR), sell it, and use profits for next property.2) Move into a new property (probably MFR), using primary residence as a rental in current condition.

If I were to purchase a home as a primary residence and live in it for only about a year or two, would I apply the 1% rule to the original amount I purchased the house for or the amount left on the mortgage?

There are a few repercussions to that:You'll have PMI, which you're not accounting for in your analysis.You'll have to live in the property as a primary residence for at least one year.

Investors can look at the types of loans being given, weather the property is used a primary residence or investment, and the demographic information of the borrower.

I personally own a single family home as my primary residence which I think I can take a HELOC on.

I'm in California with a primary home. 

I personally own a single family home as my primary residence which I think I can take a HELOC on.