The recommendation to look in Oregon will be taken into account and I'll start looking there too.

If the income is insufficient, the borrower could be required to put more down to make the ratios work.

.- The lender: when applying for a primary residence mortgage loan, you are typically required to intend to live in the property as your primary residence for at least 12 months.

Also, require the tenants to have renters insurance.

Are you recommending that at some point it would be wise to purchase land to add property to for future children in a way to support them?

Not someone I would recommend doing business with.

Can anyone recommend a reputable 1031 Exchange Company?

@Chris Rogers higher interest rates have caused most Class A property purchases to NOT cashflow for an approximate 3-5 years.So, many naive investors are chasing Class B, C & D properties to cashflow, WITHOUT fully understanding the scope of the additional risks involved:(Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

I recommend reading Bulletproof Title Due Diligence by Alex Goldovsky.