Have you thought about converting your current property into a rental and buying a new primary? 

The step that matters is the step that follows bookkeeping which is either tax preparation or applying for a loan.Cheap bookkeeping may feel great temporarily - until you realize that you frugalled yourself out of a loan or that you overpay the IRS or that your CPA will have to charge you twice the usual amount because they have to adjust or redo your books.Also, hourly rate for bookkeeping is meaningless when you do not know how many hours will be involved.No, I do not offer bookkeeping.

My partner and I are new to investing, preparing to find our first deal in the Pierce County area.

Any thoughts?

Thanks in advance for your thoughts/advice/input. 

If anyone has any experience or thoughts on this type of property in general & more specifically the financing side that would be greatly appreciated!

I thought I saw some stuff get posted here awhile back but I can't track it down. 

If the house is occupied it will have less attention but be prepared to extend your time to close.

My thoughts are long term rental near a college that has new construction (5 year tax abatement other incentives). 

The problem the client has is they were aware of the reimbursement and the loan officer/banker/title company could show they are at fault for not disclosing the final reimbursement payment since the payoff was ordered prior to the fund received.Although the bank/title company order and prepare documentation and stride for accuracy they also have a mutual line that requires full transparency.