As such, it's important to me to find a solution to this problem, and the status quo of over insuring these properties just doesn't work for me.Thanks in advance for your help!

Thanks in advance! 

Please, let me know if I can answer any questions and thank in advance for any feedback!!!  

Thanks in advance!

Thanks in advance for all of your help! 

I would greatly appreciate any feedback and insight from the experienced folks on there, thanks again in advance. 

So my original thoughts before reading the tax language was to try and find a rental property to replace our primary residence.Thanks in advance,Scott

Read this forum post by Andrew Postell for a more advanced technique to pull out cash with no wait:http://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-property

Thanks in advance. 

The only thing he requires right now is that i pay a large down-payment towards house number 2. all 4 of them would go live in this new house and i would rent house 1 to some working professionals i know are going to be relocated later this year.Anyway it seems hard to conceptualize this logistically so if this is advisable please offer any guidance. the other option was just to continue to save like normal and he will rent this house to strangers so we all have to make moves this year regardless of the decision i just figured i keep the house and start building equity.Thanks in advance