Yes becuase it has been 3 years since you bought the other home and the rental is on a long term lease it sounds like we could do that as a primary residence.
We would need a copy of the lease and letter of explanation.
If the property in Coarsegold is upside down, you will run into problems. In that case calling the new home a 2nd home might get you around that and the terms are very favorable on the 2nd homes.
Contact me if you would like to be prequalified there is a no cost an no obliagation, it would then help you make a decission as to what the payments might be, down payment and then you will be able to make an informed decission.