So wondering if anyone has been able to successfully file it in Freetaxusa/Turbotax, or is this something that cant be done through a software and we need specialized CPA to file it for us? 

Many people say they never do, but if they can increase your interest rate 5 or 6% they might. 

I just want to see how it's worked for people who have actually gone through it. 

I was wondering did your mother work ?

Michael, check out furnishedfinder.com/statsType in your zip code and you’ll get a good bit of data on what people are looking for.Then, I would go on furnishedfinder.com and look around as if you were wanting to rent a MTR yourself.

Typically the people who arbitrage properties are operating complex's with 10+ units at a time. 

I'm wondering if there are other Filipino real estate investors here?

Type doesn't matter.What gets people confused sometimes are the terms "like kind" and "qualified use". 

I only ask, because most people are not sitting on $400k cash (obviously this is just my example) to effectively buy a new house without a mortgage.  

I am wondering is there any hard money lenders that can provide 100% financing on investment property and also provide rehab loan for short time period?.