Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.common lawAn unwritten body of law based on general custom in England and used to an extent in some states.community propertyIn some states, especially the southwest, property acquired by a married couple during their marriage is considered to be owned jointly, except under special circumstances.

I read online that it may be possible to qualify for a second FHA loan under certain circumstances such as relocation.

Most folks feel comfortable with a year but there could always be circumstances where a shorter (or longer) holding period would be appropriate to demonstrate your intent.

or cash.. and scoop the deals when and if that time comes around again. but I think its fair to say 08 to 2012 was a very unique set of circumstances and other than a one horse town or one mill town or one main manufacturing town.. were the mill or plant closes and real estate tumbles.. we just never saw such a wide spread loss of values.. 

You would have to find the right property, with the right owners, under the right circumstances to get a deal like that done with no money out of your pocket.

Obviously, it's too late for this circumstance, but I'm always looking for ways to improve my lease and business.

In my opinion I wouldn't say its a bad idea but to be prepared with more cash for unforeseen circumstances as stated above.

It's filling out a form online and having a computer program spit out numbers based on statistics, not the facts and circumstances of the property.

@Ronnie GalindoIf you can wait another year, look into Internal Revenue Code Section 121 - exclude the gain from sale of your principal residence under certain circumstances. 

This is very clear in the law, and is not allowed under any circumstances.