If you do not work there anymore you can move the funds to a Self-Directed IRA and have the IRA buy real estate. 

Seems that I need to buy the 14 inch rough in toilets (which is hard, because only few models are available at Home Depot and Lowes, since this is a non-standard size).

Investment Info:Small multi-family (2-4 units) buy & hold investment in Applegate.

@William CoetI’m not buying the “bring the value to zero” argument.  

I might have to save up more capital to buy single family home which sucks!

I’m in a similar situation where I am planning to buy a triplex or fourplex as my primary residence.  

There are some other extenuating circumstances that allow one to use more than one FHA loan at a time:- Relocating to an area beyond reasonable commuting distance to your current residence or affordable housing is not available - Leaving a jointly owned property to buy a home, and co-owner (such as divorce) plans to remain in the home.

Is there a way to offer and buy a property for cash (either private or hard money) then refi into a mortgage at 95% LTV?

I have sold homes to Habitat to Humans  these were fixers I foreclosed on and were sold at very low prices in the deep south.Out our way the land I see habitat buy is developable premium sites just like any other developer would buy..

I max out the $25k to offset my W2 under passive activity rules (as its slowly phased out for me).That being said, would it be beneficial for me to buy one or two STRs primarily for the purpose of being able to offset my W2 income?