We are in changing times, technological, medical, economical and mailer count metric might make LESS sense with the accessibility of one-click mailing websites, photoshop, etc.When the other 7+ BILLION people in the world decide that America (with a mere 300+ million) isn't a good place to live, places where immigration is high (CA, TX) should start to worry. 

Then 10-15 days later the mother and father went in and started seeking medical treatment for carbon monoxide poisoning.

Your 121 exemption would only apply to the gain/profit on the last transaction....all prior deferred gain would become taxable.

Hello All I'm looking for more information on the delayed financing exemption in regards to the BRRRR strategy.

It sounds like you are applying for a special use, special exemption, or whatever particular term the locality uses.

Regarding your question about refinancing and cashing out the equity in the home, the Fannie Mae guideline states:“The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the following...”The exemptions to this rule being if the property was purchased with all cash and qualified under the delayed financing rule, or if the borrower acquired the property through some form of inheritance (Divorce, etc).

The 83 year old wife of the nephew (her husband) has been given POA over medical, banking and dissolving the estate.

I came across that phrase when working in the patient relations department of a large medical center.

The exemption does exist for owner occupied multis 4 units or less, or on single families if you own 3 units or less. 

You don’t Need to finance out of the fha unless you want to......moving for work exempts you from having to live there for one year.