I've house hacked 3 times and work almost exclusively with house hackers, so this is an incredibly common issue we see all the time, unfortunately.My thoughts would be - how long ago did you buy your first property?

The reasoning behind this I believe is that the lender feels threatened my the tenant's lease for not exclusively saying they do not have the right to purchase.

@Brandon HendersonIf you've been living there for a few years, I would sell the property and take the owner occupied tax exclusion on it and use those funds for your flipping in Florida.

North Philly is loosely defined, vast, and is almost exclusively S8 only from Lehigh to Roosevelt Blvd and then starts getting nice again once you are north of that.

Be sure to check out the section 121 gain exclusion on the sale of a primary residence. 

I believe you can elect out of the installment method by reporting the full gain on the current year (then using the exclusion).

This is straight from the Chicago Association of REALTORS website:A reminder that the Chicago Residential Lease, and all of CAR’s forms and contracts, are an exclusive member benefit for use only by Chicago Association of REALTORS® members or those who are party to a transaction facilitated by a Chicago Association of REALTORS® member.

You will get the top price in the current condition it is now while utilizing the Home Sale Exclusion from Capital Gains Tax ($250k or $500k).

I've only seen that commentary here and almost exclusively in this thread! 

Thanks.Full exclusion up the filing status and taxed on depreciation recapture.