I was recently rejected for having too many loans (5, 4-rentals and 1-primary residence) by a local bank in Kansas City.

I have some equity in my primary home I may be able to use, and retirement accounts I can take loans against.

While located near Martinsburg, my primary geographic focus has been in nearby Washington County (Hagerstown/Williamsport), Frederick County and Montgomery County, Maryland.At one point I was primarily interested in townhouses.

FHA loans are only for primary residences.

This property will be my primary residence for the time being, but I believe it will be very easy to rent in the future.Currently I am learning all I can about REI and hope to begin investing in properties other than my primary residence in the next 1-2 years.

I don't think demand for $100k primary residence will be strong in that area, there are so many 1950s ranch houses $60-70k, even though yours is the nicest.From an investment standpoint, that area is a stretch to rent over $925 on a 3 bdrm.  

Its 60 days from the date of closing for primary residence, the general rule applies to most primary occupancy conventional, FHA, and VA loans. 

There are more restrictions on the 5-10 loan program but its doable.I say you can only get 9 properties because I'm assuming you own your own primary residence.

All the properties I've done I targeted to have 80% ARV (or better) after renovation, where I only look at non-owner occupied at 70%.I am not a tax adviser and this is not advice, but the primary reason we went this route is that if you live in the property for 2 of the last 5 years you can get a tax exemption on the capital gains.

Beyond the immediate goal I hope to acquire another property by the end of the year, but I have to narrow it down to a vacation rent-able home I can still use as my primary residence when not travelling or another multi-unit property.