Originally posted by @Steve Hannibal:Here are Fannie mae's requirements:Fannie mae cash out refinanceIt looks like 6 months, but a lot of "exceptions" to that This post may have changed my financial future :) I felt defeated earlier today.

Kind of defeats the purpose of getting in and out quickly.

Believe it can be done first! -Be your own cheerleader-A man without a plan, plans to what???      fail-Practice makes Perfect, NO!              Practice makes Permanenta) Do you interact with motivated people regular...

No changes can be done after the fact.(2) Assuming you invest in an entity that then invests in the real estate, the entity has to be fully funded from the get go, i.e. no additional funds can be added after (generally applies to pass-through entities) -- while with C-corp that can be avoided, but then you end up paying corporate taxes (defeats the purposes of the IRA)Of course this is over and above the typical rules of prohibited transactions, etc.BTW: IRA stands for Individual Retirement Account, hence you cannot combine to make a Joint Retirement Account (there is no JRA) --- :-)

If I sell, I can get 500k tax free capital gain, but the issue is that I can not get any home less than 1M here, and property tax jumps from $750/month to $1000/month, that defeats the thinking of selling this home.

I'm sure you read 4 hour work week , if not you need toHowever, your generstion needs to learn everything is not always a passionI have much to share on thisProbably will write a bookI'm really a writer, academic by tradeThat forced myself to work against my passionI became a electrician heating and airI can do Sheetrock flooring tilingDo trim work I forced myself to learn intrinsic value so I would not have to pay contractors and eat profits that are so vital to retain in early stagesMost people are like meThey are just ordinaryThey can't create corporations and syndications of raising capitalYour generation has many good ideasBut the falsity of always following passionAnd not understanding of developing left hand in basketball is self defeating and propels disallusionment and neglects to look at one self long and hard in mirror 

Stay strong and know that more things will go wrong down the line but if you stay focused on a goal you won't be defeated.

I would agree with @Ian Ippolito in his argument that forming multiple companies to "loophole" around the $1M cap would seem to defeat the public policy intentions of Congress and the SEC.

@Dan MilesMan we can all get that way if we allow ourselves to accept defeat. 

Here is an article I found addressing a recent 9th circuit court decision.http://www.forbes.com/sites/robertwood/2015/07/13/big-court-defeat-for-marijuana-despite-record-tax-harvests/#7d86a47c7c7e