Nothing beats the lending on primary residence, so consider converting your residence into a rental after a year or so.

Investment Info:Single-family residence buy & hold investment.

If either property has paper losses that exceed the taxable income of the other, that would neutralize taxes due, but your goal should be 1) produce as much rental income as possible and 2) maintain the property while carefully tracking all expenses and improvement costs so you are only taxed on the appropriate amount of income, if any.

@Patrick Lee What stands out to me is the fact someone who lives in Texas wants to renovate homes in PA and will be relying on a project manager/mentor who resides in NY 2 hours away.

.- I have one lender in CA which is my primary residency and I contacted several in Orland,FL since we are buying property in Fl. 

CMA seems responsive, but is unable to take care of basic maintenance when notified or deal with a rental upgrade during a turn.

Simple paper work during processing takes care of that part. 

You attract better tenants so they take better care of the property. 

He has a rental property and a primary residence in the state of NC.

No one cares about your business to the same extent you do.