I bought my primary residence back in 2012 and am trying to save to buy another property, but with the expensive prices here in LA/OC, i have been giving a lot of thought to either investing out of state or trying to start some type of side business to help save for another property down payment.  

I just spent about 10 minutes searching and didn't find an answer to this specific question so here it goes.Does a bank look at a MF loan any differently if you make one of the units your primary residence?  

Currently my goal is to renovate my primary residence here in Monroe County, then sell or rent it (Preferably sell). 

Hey BP, I'm brand new to RE investing and working a full time job as aero engineer. I have nice home that is tying up most of my buying power/ income. 5 bed, 2.5 bath, 2,900 sf, paid ~$250k. Bought it at market value ...

@Sathiya Deva, you've actually got several things going for you that could help you to transition your portfolio into the PHX area and do it with both tax free and tax sheltered monies.The sale of your primary residence can be tax free if timed right.  

Looking at the REIA options in Seattle there are a lot of good options however they are primary focused on Wholesalers and Flipping which is not true Real Estate Investing but a RE Business.

Are you seeking this home as your primary residence or as an investment home?

Your explanation is very clear.

I have a credit score of almost 800 a current mortgage on my primary home, car payment and I've co-signed on a student loan of $5000 for my daughter, but no other cc debt, etc.  

My broker I used to purchase my primary residence has told me I could hang my license there.