@Stephanie LucianoIf you currently own a home and you don't plan on selling it or making it an investment property, this financing option wouldn't be available to you.

It seems to me you have three viable options at the moment.1) Non-renew. 

There are financing options for self-employed borrowers in these sorts of situations, but they require a higher down payment than FHA.

Called the bank, who quickly said "sorry, your loan does not have an option for PMI removal."

So, I'm trying to decide between the two options below:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

I'm digesting this info... and looking into some of these options including the pass-through entity which I admit I'm not familiar with.

Stoked to see this option open up in Reno.

Angie, I would love to get on a call and understand better my options to get started working with you to find a deal.

Can anyone help me out on a way to explain this to him without hurting his feeling or give me an alternative way to still make this seem like a valuable option for my brother without giving up such a significant portion of the equity in the property?

The only other option is to pay for a hotel stay and put a storage bin outside the home to put their stuff in.