Our Financing Contingency ended 5/6, so now we are out a $5k Earnest Money deposit (plus the appraisal, survey and inspection, $7500 total) and don't get this great deal unless we act fast.In short, we provided to income docs for my wife, but our current primary residence is in her name, so that didn't help the DTI much, and we ended up losing the deal. 

Not people who purchased it as their primary residence and then rented it out once they moved away.

Most importantly, does any of these submarkets have any economic anchors  like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers that employs most of the residents of that submarket?

However, I think the only difference will be if you are renting a room out of your primary residence.

@Marko Zlatic I currently reside in Arizona.

 I haven’t purchased an investment property yet (outside of my primary residence kind of being a live in flip).

My current primary residence was a foreclosure.

@Joshua SavageI guess that depends, will this be your primary residence?

@Kyle Murray -  Buy a new small multifamily as your primary residence every year or two. 

When our permanent residence was build we made sure part of it was set it up to be finished as a mother in law/ duplex.