I think any of the 3 options would qualify my wife to contribute to our Solo 401K?  

My local bank tells me I have to qualify for a brand-new mortgage in order to take any money out of the house.

Learn what you qualify for (or don't qualify for) and why.  

I currently am eligible to take out a HELOC on my primary residence- Ive been approved for $70,000.

Does selling on EBay REALLY qualify as self employed, able to set-up a SOLO-K?

If one decides to reside in one of the units for 2 years prior to selling will the $500k exclusion take place and gains taxation would only be imposed on a selling price of $600k or higher?

I went to a mortgage broker who said that due to my also holding a mortgage on my primary residence his underwriter said the following: 1.

Acquired in 2011 as my primary residance for $117k.

If so, the market is tough for that as any fixer has investors looking for flips and home buyers looking for a primary residence.

Reason I ask is most conventional lenders will offer a 5% down option on a personal residence. you'll still pay monthly PMI but it's far cheaper then the FHA options.