And honestly a-lot of these TK buyers are not doing proper due diligence before buying and are pressured into buying (by some not all).

I still may proceed as it’s my primary residence so the negative equity portion is not my primary goal but it remains a good argument against.

Investment Info:Single-family residence buy & hold investment.

To receive the 4% ratio, you have to submit an application showing the property is your primary residence.

The guest rules state no partying and it is abundantly clear our houses are in neighborhoods with full time residents they will be caught and they will be removed without refund. 

If the duplex sells for $500K and you exchange into a duplex in LA for $1 mil then you could use 50% of it as your primary residence.- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

Investment Info:Single-family residence fix & flip investment.

When he sold it was basically a wash, less the cash-flow collected.

Should I refinance, I know I cannot do  HELOC because it is not my primary residence.