Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

Most amounts are too small for the hassle, and again, that becomes litigation, not simply an audit.Creative finance buyers, I do not believe it's a winning argument to the IRS to say that you bought the property, didn't make the payments and you took the write offs anyway.

There's literally no advertising in the post at all, it's simply a news update on changes to UW guidelines...

I fear the lawyers will become wealthy over this litigation...Overall, it's an interesting "solution" to the problem of foreign investment in real estate and the lack of adequate housing for the population. 

Their exact lack of discipline and complete desperation.

Quote from @Bryan Christopher: Quote from @Russell Brazil: I'd simply ignore them. 

I am simply telling you why you are not getting results.

With these deals you have to risk some capital and thats where I find the average investor especially here on BP that is very much rental ( IE has to cash flow day one ) simply will not entertain these deals.. you also have to be willing to walk from 50k or 100k if it turns against you..  

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

The problem is: A traditionally financed low-down payment house-hack with traditional long-term rents simply won't cash flow during occupancy, or after, in many MCOL-HCOL markets in the US. 95% leverage at even 5.7% just won't work in a lot of cases right now.