Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.

Over the weekend I finally saw the bldg and boy what a piece of sh!

Is it a reputable company and will the documentation provided from the study hold up in an audit?

I need to defer or lower our income as much as possible for my age 64.At age 64 a cost seg makes strategic sense, take the deduction now and not over 27.5 years, or 39 if commercial.

There is opportunity all over.

.:  Are you talking about creating a first 50% of the note and a second for 50% of the Note and sell the first one? 

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

I am the boots on the ground and provide all of the time and my partners supply the money.

. $200,000 of rent not paid over the last 4 months.

It will familiarize you with the basic terminology and benefits.