From there, the plan is to live in this home for 6 months, and then obtain an FHA loan on a second property at which time I will move in and make that home my primary residence.I understand that: I cannot have another ownership interest at the "note date" of the Home Possible loan (which I don't/won't) FHA loans require a certain DTI ratio (excluding rental income) that I will have to hit (which I plan to)Now, granted I'm able to meet both of these requirements, will there be any obstacle in changing my primary residence after 6 months from the Home Possible property to the FHA property?

As another alternative, you could sell the house, take your $500,000 excluded capital gains as your primary residence, pay your capital gains taxes (both federal and state), and buy your new property utilizing a small purchase loan or even reverse purchase mortgage to make up the difference? 

Current calculator exclude lease renewal fees of 70% of first month rent by property management.  

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild with the same kind and quality excluding the foundation)2.

@Zack Karp I tried to tag you on my phone and it wouldn't let me, so I figured you didn't get the notification.The CU loan officer said even if the loans were excluded, I wouldn't qualify for much more than 75k that was approved for a conventional loan.

Someone was advising us that we should start and LLC but I am under the impression that anything bought through an LLC would exclude us from conventional financing and push us into the commercial loan zone.

-Bob decides to re-invest only his gain (because he only pays taxes on the gain) in QOZ on March 15, 2019. (6 months later)-For his 2018 tax return, he will make the appropriate election and pay no taxes on the gain that year.If Bob, holds the investment for 5 years, then 10% of his original gain is permanently excluded from tax.

Dwelling limit is the total amount they will cover for the property in a single loss (or depending on the wording of your policy within a certain term no matter how many losses you have)FYI a "loss" is a claim.All perils deductible means you have coverage for anything that happens to your property UNLESS it is specifically excluded in your policy. 

You may notice that some cities are excluded (e.g.

FYI- Go to the county or CA websites for specifics, just one EX:"Propositions 58 and 193 exclude from reassessment property that transfers between parent and child or from grandparent to grandchild provided specific criteria are met"