., via syndication) could achieve significant losses in the year of acquisition. 

If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ? 

So I'd only buy it if you could swing the potential loss each month, you knew you were going to move there, and it fit into your long term vision. 

. * [6-24 months] Whenever I find a job and qualify for a FHA multifamily, get that property (with break-even cashflow most likely), and rent the condo at a cashflow loss for a couple years until rent increases (due to high-interest on underlying debt)* [Almost immediately afterwards] At this point, do a cash-out refinance on the condo to pay back the SBLOC (unsure if this is possible immediately after getting the multifamily loan), and secure a lower rate for the condo itself.I know this strategy sounds like loser, as it bleeds money all around, but my hypothesis is:* Underlying assets should grow more than 8.15% in a given year, and I would not pay short/long-term taxes on stock.

Ok, I'm at a loss... 

Investors with experiences and losses recommend living within 3 or 4 hours of the rental, so it's easy to drive back if something goes haywire.My friends live 2 hours from theirs and it's a hassle. 

@Jorge VazquezI would never pay someone to do something they were supposed to do in the first place.I would hire an attorney and pursue that avenue, sue for losses if you wish.School of hard knocks

Would you have net income or net loss without the cost seg study?

The REI world is full of advisors who have their own pet solutions for problems and they tend to develop tunnel vision around them. 

The buyers will do just fine, it's just an agent's lamenting the loss of a "easy score".