Alternatively, you could draft a contract with a delayed execution date, stating that the agreement will officially go into effect once the rule is lifted.

And no; if you own 50% and your friend owns 50% he qualifies for exclusion on 50% of the sale. 

My wife and I did this on our own.

We also had $120,000 of our own capital in the deal.

@Robel Nessro Your first down payment should be your own money, not raised from outsiders.

I am a very active realtor in both the Kansas and Missouri side of the CASEY metro, and I frequently work with local and out-of-state investors, helping folks find small multi as well as STR compatible homes.

Hi Adam,I'm a licensed loan officer in 8 states.

Fees should be clearly stated in writing, easy to understand, and justifiable.

She is currently on a one year lease and I have read the requirements for my state. 

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property (expected sales price $3 million) that I could potentially convert to MTR.