Thus far, I only have my primary  residence that I bought in 2011; currently I am holding so much equity in the property and no I am ready to unleash it and purchasing new rentals. 

Get signed up for Pro Rewards (You qualify cuz you flip/own investment props)  I think we can help you NOT over spend on improvements.  

Based on what I have heard so far, I believe you can structure this to qualify but trust me when I say any good QI's and the two I mentioned above are, well known, respectable, ethical and more than capable of answering your question. 

So far I have only bought my primary residence.  

Hello BPIts been a while since I have posted on this site, But I always end up back on this site for advice.I'm currently preparing to purchase a primary residence.

@Jerad Gardner I turned my primary residence into a rental property when I moved across the country.

While I say new to real estate, my wife and I have sort of fallen in love with real estate after successfully transforming our primary residence into our first rental property two years ago.  

Since I was in Texas and planned on staying there I found out that I was qualified to take a test and get a broker license in real estate so I took the test and got the license even though I never did that full time.Regardless of what I had I felt more comfortable in the construction business.  

I wanted to refinance the property to get money out of it and put it into another house or 2 but Im in my early twenties and just out of college so I don't qualify for a mortgage.

The best candidate should be able to qualify to purchase within a year.