I have observed that it is common for homeowners in the area to rent out a basement, so i have adjusted my search accordingly for my primary residence, and i am going to expand my search radius to find the multi-family Im looking for. 

I'm about to finish my residency in central California and will have a increase in my income. 

@Eugene Lee  those rules were spawned out of the Great GFC... not germane to todays markets in most areas.you can though still buy in areas were there is more housing than people to use the housing and find those rules apply and even more.. those are what we call cash flow markets that's all they are all they will ever be ( in most likelihood) so if your going to invest there only reason to do it is to hit those 2% or better metricswhere we reside on the West coast we generally look for break even and make our big bucks on having our tenants pay down our debts and of course appreciation... you have most folks that live in the non appreciating markets and their mantra is  ( cash flow cash flow appreciation is only luck its not investing  LOL)  and you have those that have gotten stupid wealthy buying west coast assets that double or tripled in value in a 10 year time frame.. take your pick..

My name is William Yates and I'm planning on purchasing a condo and moving to Long Beach to start my medical residency.

I am selling my primary residence, and have come into what I feel is a somewhat odd situation.  

Hello @Matt Murphy and from one Arizona resident to another, welcome to BP.

The first thing to know before being able to help inform you of your best loan option is whether this will be your primary residence and for what length of time will you occupy the property?

If I have already used an FHA loan to purchase my Primary Residence , When ( if at all ) would I be allowed to purchase another Primary Residence using an FHA loan ?  

Does anyone have experience purchasing the first mortgage note on their own primary residence at a discount.

I want to begin offering financial IQ classes at inner city schools in the future, but also curious what someone can do as a landlord to help the community without necessarily pushing out long term residents.