My parents and I are planning on buying a house together using a conventional loan.For mortgage and tax standpoint, would that be considered a primary residence or a second home?

@Brian Halstead Downpayment Assistance Programs are usually for primary home buyers.  

You can use the VA loan to wrap in the repair costs but you would have to plan carefully because this is your primary residence.

If you’re a Dave Ramsey type and the fear of debt is that great to you then perhaps a 15yr is a good idea on your primary SFH.

And since this is your primary home, you'll even get MORE break on property taxes too. 

With the $ my parents make on the sale from me, that $ would be transferred to my name and I would use that $ to purchase a new primary residence for them to live in and help reduce their initial mortgage payment.

Currently have two rentals rental properties and primary residence.Is this something worth pursuing?

My primary focus in terms of locations is the Central Texas area (Killeen, Copperas Cove, Harker Heights, Belton and Temple Tx)- however I'm also interested in McAllen Tx and GRV .I hope to learn from other members, share my journey (and lessons learnt) and  provide constructive contribution to this group.I'm certainly looking forward to connecting with other members who are out of state investors like me and have investments in the mentioned areas.Also - are there any NJ REI that meet up on a regular basis ? 

2) If say, I reach my 10 conventionally financed property limit, can I still get a conventional loan for my primary residence?

Our primary residence is just outside of Washington, D.C. so this would be managed remotely.