And then looking for rental properties that you can buy for a discount and that cash flow too. 

We would have been better off discounting the rent 7% and finding tenants that would respect our property and rent year after year.  

Lastly, if the home has appreciated at all, taking advantage of Section 121 and taking capital gain exclusions is just another strong point towards selling within the 5 years if you've lived there for at least 2 years. 

Also you can get your real estate license at a discount through Premier Point Realty or Homestead Realty. 

@Diane Jacob I have been in the Topeka area for 40 years and invest exclusively here.

So don't discount it at all.Don't be impulsive, be calculated.

We use Airbnb exclusively and have done, well, fine.

Either way, it doesn't make logical sense for the IRS to allow them the $500k married exclusion on both properties.

That being said, when they launch their next fund, they are strongly considering a 506(c) offering.https://lastmileinvestments.com/While this is not a list of people I have invested with, I will say a lot of 506(b) operators hide in plain site:- Podcast hosts and guests (talking about what they have done past tense, not current offerings)- The gurus often also syndicate deals- Rise48, per their website, has primarily (if not exclusively) 506(b) offeringsThe thing is, depending on how conservative the compliance attorney is, you can have 506(b) operators advertising like there is no tomorrow.  

Talk to my property manager about canceling the 2 bookings and offer the house to people that have been displaced and can pay thru FEMA assistance at a discounted rate.