If one bids on the house, lives there couple months and ends up being married and living elsewhere - this was not a violation of the HUD rules back in 2004!

I don't think they are married, but refer to themselves as "partners", and appear to have been co-habitating prior and during grad school. 

Got to marry right. 

Taking out $500K of tax free money (sounds like Section 121 (married)) through the sale of the property is great if you're trying to scale your portfolio.

Remember your partner isn't going to want to marry you for the balance of the 30 years.

I'd really appreciate feedback with regard to whether I should move forward with investing in real estate, or to let the desire go for the time being: I'm 34-years old, married, have 2-children under the age of two, own a home, and have a stable and good paying job.

, you are allowed to earn 500k married (250k single) before getting hit with taxes if the house is your primary residence for at least 2 years.

We did not need help in deciding what our investment niche would be; we needed help in creating and implementing a tax strategy plan for a married couple composed of a high-income earner and a real estate agent and business owner.A few weeks after paying the $25k, we set up our first meeting with our assigned CPA and started the so-called “advanced tax courses” provided, which are generic modules that only vaguely introduce financial concepts, topics, and terminology.

moving is not an option I’m married and my career is in Cali however I’ve discovered that I can use my IRA as reserves which is a huge help!

Because he'll live in part of the MF he will get the profit associcated with that unit tax free up to $250K or $500K if married.