I would guess depending on the amount, that bank may or may not raise an eyebrow as to the source per federal guidelines.

However I don't see anyway around it there is absolutely no way to get above them in the SERPS and if you were to try it would cost you millions a year and it would be a gamble not a sure thing. 

Here you go:https://www.biggerpockets.com/forums/49/topics/318...CharacterCapacityCollateralI feel these are excellent guidelines to help prevent problems.Thanks @Jay Hinrichs for all your contributions to BP...

Or you could do your exchange and they could take their cash and pay their tax.There's some very strict guidelines that you'll need to be aware of and you'll have to use a qualified intermediary to document and perform the exchange.  

I believe the guidelines are it has to be your primary residence for a year.

I just need them to know I am serious about getting some information and making our HOA meet the guidelines.  

People are gambling on one of two things. 1) the property owner won't pay for that year and you then get to purchase the subsequent years effectively creating dollar cost averaging. 2) the property owner won't every pay and you get the property for a fraction of what it's worth.

You may want to avoid saying "double closing" as those words can sometime have a negative connotation and are frequently prohibited by mortgage guidelines.

Fannie Mae and Freddie Mac’s guidelines do not support “Entity Vesting”.

I always hire a Land Planner to make sure that my project will meet the published guidelines of the P&Z, I always go door to door to those that are directly affected, introduce myself, tell them my plans and ask them if they have any concerns or questions.