However, the problem is that the new property will most likely cost 2x the proceeds they'll be getting from the old property and since they are retired they most likely will not qualify for a mortgage to make up the difference. 

As for your condo, you will also be able to qualify for the capital gains exemption if you lived there for the past 2 of 5 years.

This is done as a way of qualifying the home as security for the loan.

The main reason for the partnership is to use the partner's income to qualify for a better loan.

It seems to me that I should create an addendum to the current lease that adds the travel nurse as a tenant (assuming they end up qualifying), and specify that the travel nurse will only be there for their 3-month contract. 

This would either be building 3 or 4 new homes depending on whether buying a vacant lot or a lot with an existing home.Question 1: What percentage would the person living there need to own of this project to qualify as the Owner? 

It helped me build my credit up enough to qualify for standard credit cards relatively quickly. 

I was looking into the construction loans, wasn't sure if it was strictly new construction or if rehab qualified.

Hello, new member here and new to real estate.I want to house hack and i have a question… after little research i found that to qualify for “owner occupied” you must move in with in 60 days, live there for a year or sometimes two… what exactly qualify as “living” there?

Sch E rental income will not qualify for the Solo 401k.