Bigger Pockets requires you to "Connect" with someone before they can get that detailed.

One lender may require the cash out be used for business purpose exclusively, another may not have the same guidelines. 

Requires significant time and effort.

There are a few reasons for this: 1) They are costly and the Exchange intermediary may require a whole host of inspections including environmental reports etc and 2) One has to come up with the cash to buy the new property without getting the equity out of the first property - not everyone can do that - add in having to get a loan while still being obligated to the loan on the “sale” property.

I'm thinking of making the main requirement to live in the home be a master's degree.  

I was reading online and saw that FHA Loans accept auctioned homes but that got me thinking.

Situation:I am currently looking into buying a home that is 4,500 sq ft, but requires the entire house be renovated.

I would not recommend any online courses like the above reply suggested. 

For most lenders it typically requires having at least 1-2 builds previously completed, but I'm sure there are other options if it happens to be your first.

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