But, we can't really sell our house right now because we are in a bit of litigation over the HOA.
DH actually would like to keep it and have it as a Rental (the area is nice and its a pretty nice house, but it wont go for what we want right now).
How does one go about buy what would become our residental home, and keep the other as a rental?
Is it hard?
The litigation is more to do with the fact that when we bought the house, we bought it under the pretext that there wasnt an HOA. We are suing our realtor company and possibly the sellers, but we are not sure yet.
I was more interested in the idea of what do you need to have/do to buy a second home, that woudl become the primary home.
I am more interested in the process of buying a home - while keeping the first home as a rental.
We love this one piece of property that we could keep horses on and it fits us. And honestly, with a few changes, it could easily become our forever home.
I just dont know how to buy a house, when you are already in a house with a mortage.
Talk to a mortgage banker - they should be able to help you.