People are getting ripped off daily with the insurance products that you are selling, but majority of folks here are intelligent enough to realize that they are much better off taking control of their investments into their own hands, rather than giving their hard earned money to the insurance companies which pay their sales agents commissions up to 90% of the premium received. 

The major benefit is getting a better mortgage rate compared to an investors rate. i would research "house hacking" on this forum and read what others have done executing this strategy.

So the owner-occupied investment tactic has come to an end (for now).

I am also a finance major at Macomb Community College.

@Kimberly MillerHi Kim,I don't think there is any less competition (prices are just lower but they usually need a fairly major amount of work)  for a fixer upper as I have lost out on 2 properties in multiple offer situations in the past month so evidently there's a lot of competition at the high and at the low prices-LOL

Some companies will not charge any lease up or a 1/2 month lease up, but they don't use leasing agents rather they give tenants free access to the house, which I would think there are some major risk involved with that depending on the area.

I was thinking by going the condo route, I might be able to skirt around some of the major issues like foundations, etc. 

They are not dry or boring reading like a majority of most real estate books out there.

If you have the unit rented now, one tactic is to ask the tenants what one thing they would like to have added.  

It may vary between different lenders, but technically what qualifies as your primary residence is merely the home you live in for the majority of the year (4/7 days a week should satisfy that requirement),  There are some nuances to this rule, I'm sure, so be sure to speak with a lender who has a lot of experience with FHA.