It's a not an automatic loophole, you need to qualify/plan for it, and it's not always possible.Myth 3.

Are there any covid loopholes?

I need to move to Texas and open an aluminum siding/roofing business and take advantage of this loophole - and its consumers. 

Second, in some situations we can, in fact, dramatically reduce your current taxes either by after-the-fact tax strategies (for example, cost segregation and QOZ fund rollovers) or by applying advanced analysis to your specific situation (for example, Real Estate Professional status, STR material participation "loophole", past depreciation corrections, etc.).

My personal favorites are Loopholes of Real Estate by Garrett Sutton, Esq. and The Complete Guide to Real Estate Finance for Investment Properties.There are 2 great articles on LendingHome's blog that you can check out:Best Books on Real Estate InvestingBest Books on Flipping Houses

The mortgage broker told me that the total LTV of the two properties together could not exceed 60%, which basically means that you will need to keep bringing a significant part in cash.This gets me thinking what the next loophole could be to still make it work

There is definitely huge regulatory risk that this tax-free withdrawal loophole will be closed.

Is there anyway around this via loopholes of any kind?

@Tyler Stiller is right it works I know several people that have done this especially if both spouses are on a mortgage “you have trouble” one buys one in there name one year another in there name the next.. call it what you wish it’s a loophole that not exploited a lot for using 5% down.. you just have to remember with the debt to income ratio changes it get way harder to get more as your mortgage payments are wayyy higher and using 5% down typically you have to go thru traditional methods but the point is @Tyler Stiller isn’t wrong 

I went to the page and they are missing a lot of details such as what the 'closing the fixed- term lease loophole' actually means.