If a market has gone crazy and appreciated a ton then that seems to be unfair to the partners who want to stay in to have to pay an inflated price for the exiting partner's shares. 

They will always inflate numbers, leave other important information out, all to make the property look as a great deal.  

I guess I could have said all this with one word INFLATIONSo what does inflation have to do with you paying of the mortgages on your rentals before your own mortgage?

Keep your repair receipts to justify mark up on home.read this...Seller Seasoning:Seasoning <90> 90 days but < 12 months, a second appraisal may be required if the re-sale price is 5% or greater than the lowest sales price of the property within the past 12 months.Property flipping is a practice where recently acquired property is re-sold for a considerable profit with an artificially inflated value, and is ineligible for FHAAlso attatched is guidelines for FHA loans Hope this helps

Lets take a wild guess and assume inflation is 3%/year for the next 30 years.

Maybe if you get some more comps to prove that you are not inflating the value of the home. 2-3yrs ago you could have done it with little to no complications

Inflation's gettin worse, and I doubt that we can recover soon, but depression?

My dad and grandfather have talked to me about REI during the Carter double digit inflation and the 80's S&L fallout.

The whole assigning a contract (Subprime lender) mentallity is off the tableFraudulent and or inflated appraisals and the likes created a sizeable chunk of what we are seeing as a whole in the housing crisisI would seriously doubt Wachovia or any of the top tiered banks would still allow itI am curious which "federal law" it is that dis-allows selling a contract?

An exclusion of 1 million dollars in today's inflated society is not as significant as it was 50 years ago.