I have everything and all legit charges, but at this point I just need her to send me a forwarding address so I can send her the remaining funds. 

I'm exploring different funding solutions to understand how others manage these situations.

Does this exemption amount get subtracted from the sale price of the property, or the assessed value of the property? 

But is this not in a big way defrauding banks  lenders or property owners managers when they pull credit on this person. 

This way, you can still house hack while aligning with your long-term goals.

I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).  

Site runs very slow, information is not current and search functions are set in such a way that you have to constantly clear search terms, or change criteria to have it pull what you want - this is especially frustrating in the comps section where - for no reason - you have to open the settings and select "all" for it to pull in comps.  

Any advice on how best to accomplish this task?

I’m good with having four separate bank accounts and separate filing but wanted to get feedback and thoughts on this entity structure. 

This is particularly true if you're a new agency borrower with limited multifamily experience.