A married joint owner-occupant might want to characterize the sale as a sale for $1m financed at 0% interest.  

Can u guys show  me some examples of a yellow letter?

I do not know if that is a general rule or if it's dependent on how you file you taxes (filing jointly or as individuals). 

Welcome to BP Mrs & Mr Morrison, best of luck is the first and for most of what I wish u guys.Secondly, I personally advise AGAINST getting investors involved; and the reason?

Dean, You make a great point and this is the reason why I am looking for an attorney that will be able to help me draw up some type of partnership contract, a joint venture contract so that everything is in writing and no one can say they don't know their roles in the partnership.

When you know what you want to do, begin focusing in that particular subject and learn as much u can about it.When it comes down to diversifying investments, I guess that u are asking what kind of Real estate investment that people here choose to diversify, since this is a RE Forum.

U shoud have work and good salary, if you want to get a loan.

I think just sending your stuff out there regardless on how u go about it is key .

The proposal is to raise capital into a already formed non-profit organization which has been doing consumer credit counseling in the past through a joint venture.  

Please feel free to reach out to discuss joint deals or with hard money financing oops.