I would say, "the home has 5 bedrooms, with other spacious sleeping areas".   

1st sleeping with your contractor and now this!

I am not sure I would ever actually sleep there or live there but the laws around this are confusing. 

For anyone that has not dealt with Engelo and his team, one of my favorite things about them is that they are GREAT communicators, I'm not sure if they ever sleep.

If there's sufficient equity in any of your properties, it's worth considering the potential returns from deploying that capital elsewhere.

FHA will undergo a self-sufficiency test for 3-4 unit properties which can make it hard to qualify for depending on the scenario.

Tax delinquent property an Owner is given sufficient amount of time to Redeem the land.

Because I would not sleep at night knowing I have a mortgage on a property that someone else is responsible for paying.

I would do what makes you sleep better at night, not what some fella on the internet tells you to do.You can read what they have to say, but they aren't going to bed with your stress, your problems, your goals, and everything in between.

AND that should continue to grow as your equity grows. if you have $10M equity position, I suggest a MINIMUM of $.5M in cash but preferably $1M.You will sleep better, live a longer and happier life.Just my 0.02.