I have a primary home with a mortgage already so I really doubt, I'd be able to get a normal conventional loan from a bank due to debt/income. 

Inventory is tight here....as it was before the crash and yet I have done very well on my 2 primary home purchases over the past 18 years with both doubling in value over 1996-2002 and 2002-2015 respectively.

We had to move out of state from MI and now we are running into difficulties with insuarance companies because our primary residence is no longer insured in MI.

Depends on who is paying the fuel. 

I can vouch for Portland... this is also fueling the first time home buyer as our median price home payments are less than rent... and we are not an area that has a huge portion of the population credit challenged  great time to be in the PDX market in all phases.

Say, back to about mid boom '03/'04 values).I am probably going to sell my big rental house there (used to be our primary until we moved, tried to sell it, market crashed, so we rented it out and have kept it rented ever since).  

Mortgage interest on your primary residence is not deductible, the trade-off is there is no capital gains due on the sale of your primary residence.There are many more subtle differences, but this gives you a starting picture.

There are many different pros/cons and opinions whether to rent or own your primary residence.  

Hello Everyone, I have a house that sits on 18 acres and it is my primary residence.

They are the primary selling features and should really pop.4) Do scout the competition before you choose the finishes for your house.