Although yes it is not simple and like any tax saving strategies you need a prudent accountant and tax adviser, I would never recommend someone try that on their own.In the same breath to contribute to the conversation about mortgage insurance premiums, I leave it to circumstance.

LOL, I realize this is far-fetched . . . but, I'm always on the lookout for potential legal problems, so I want to avoid that possibility no matter how far fetched.I'd considered doing 3 individual leases for the other 3 girls, but that seems riskier to me for obvious reasons as well as just being a big PITA, especially considering that I am sure that some roommates will come and go over the years.So, how DO people set up leases in this circumstance?

@Shannon Phillips ,The rent control exemption for Section 8 applies to the circumstances of the tenant, not permanently to the building or to the individual unit.

What was the biggest unforeseen problem?

While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

She should be understanding of the situation given that I explained the circumstances to her before the fact.

In what circumstances we should use cash out refinance?

Secondly, under no circumstances should you ever do a lease option deal with no $ down.

Here are some information I found from IRS website:https://www.irs.gov/publications/p523/ar02.htmlDoes Your Home Qualify—Details and Exceptions Partial Exclusion May Be AvailableShowing facts and circumstances.

From what I understand you cannot move withing a year unless there are extenuating circumstances beyond your control.