Yes, you can; this strategy is called pooling and it also adds a tremendous tax advantage You'll just need to make sure the entity pulling and disbursing the capital is structured correctly for its maximum benefit  

Hi Alex,You're correct about the 2 out of 5 year rule.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.

It also sends updates via email and text for monthly rent payments and more which is nice for communication and you can have tenants I would highly recommend checking it out

Flips and BRRRRs can work in the Bay Area if you can find a distressed property and do the renovation correctly and not overpay on rehab costs (that part might be difficult).  

Communication will be huge when getting connected to a large asset.

I'm now ready to dive back in....correctly. 

@Sean Walton has the premise correct. 

And they're also correct about the difficulty in obtaining either without current income.