Or do the lenders require that I establish primary residence first, before getting an fha or a fannie mae loan for a primary? 

I think it’s so funny I have an online stalker 😂😂

Most applications can be screened out with the income and credit info provided on the Zillow application and some others might require some additional info.

I know we would require some down so I can do 70k or so cash in pocket for the seller.

The former involves lower monthly payments but requires a lump sum at the end, while the latter has predictable monthly payments but might be higher.

@Shawn P Kontrec also check how many homes a year you can sell in your state & what kind of license is required to exceed it.

Estimating rehabs require multiple quotes and vetting contractors.

Search online for local real estate investor meet ups to attend.3.  

“These amounts will count toward the required minimum distribution for the respective tax year,” McGuff says.In addition, the elective deferral limit for 401(k), 403(b), 457(b), and Roth 401(k) plans now stands at $23,000, with a catch-up contribution of $7,500 permitted for those 50 and older.

I agree that you would have a hard time asking them for a higher amount if they can see your properties online listed for less.