Rent the parents former home and house hack a new property under 203b and live in a unit to fulfill the obligations of FHA 203b. 

@Robert MendenhallI am life long resident and 2nd generation investor in Cincinnati.

Yes that is correct, as long as the spouse fulfills the requirements of 750 hours AND spends more than 50% of working hours, actively involved in the trade or business of real estate.Somehow, I don't think that was the magical tax strategy that this CPA figured out, that was referred to above. 

As long as you have lived in the property for at least one year then you do not need to call your mortgage company as you have fulfilled your requirement when you got the loan in the beginning. 

To attain lifelong financial freedom, you need to invest in a city where rents and appreciation outpace inflation.What causes rents (and prices) to increase?

From IRS perspective is there any such requirements to be fulfilled to have spouse hours counted?

I hope your real estate endeavors prove to be both fulfilling and instructive! 

After fulfilling all of my goals as a speech therapist for 20 years working with people from birth to 103, I’ve switched gears to appreciate the challenges and excitement with real estate investing. 

It is important to obtain insurance that will adequately safeguard your property and renters in addition to fulfilling the criteria of your lender.

It's a lease agreement until the requirement is fulfilled.