We own a home that we purchased 3 years ago as our primary residence.

Prices in my current area of residence aren't doing it for me and I decided to take a look at another area I know.

I would pressure wash it and sell with

I have fully paid off my primary residence and have secured a HELOC of $435K against it from US Bank, secured a month ago.

Most banks view it as a "wash" and give full credit if the amount covers the underlying payment and taxes.

An elderly resident managed to set two fires within the course of a weekend. 

@Jordan Bochner The short answer is, Yes you can own a rental property and use FHA to buy a primary residence.

My plan to getting started is to buying a single family house 4-6 bedrooms for around 200-300k  and renting out each bedroom for around 600 a month the area I'm looking to invest in has 2 major university's and 1 major collage so id be looking to rent to students , I do not have enough money to put down a conventional 20% down payment for an investment property so id have to put down 5-10 percent down with Mortgage insurance and put it as my primary residence but realistically I wouldn't be living there. 

Buy a car wash or put piles in a storage unit are two options.

No deals, no extra payments (because you haven't used the line).You only want to increase your debt in a primary residence in two cases. 1) You make more money than it costs you.