As for the Capital Gains exclusion, talk to a CPA to fully understand how that works...

Quote from @Justin Brickman: I believe you both have to live in the home for 2 of the last 5 years in order to qualify for the nontaxable $500K  That is correct, google "section 121 exclusion" or talk with your accountant for more info! 

A sale at $700k would still mean you'd be under the $250k sec121 exclusion (since it sounds like you arent' married yet). 

Because my income starting out is expected to be around 200 K, I believe that I can rely exclusively upon conventional financing to begin with, until I exhaust the total of 10 mortgages for which I am eligible, and proceed to snowball all profits into paying off each consecutive property -- each time I pay one off, I will be eligible for another (10th) conventional loan, as well as a home equity loan secured by the recently paid off property, which I can use to buy 1-2 more properties.

They can, but they don't get access to MLS because its exclusively NARs property. 

This is executed thru an Exclusive Right to Sell agreement you and the agent sign before you list the property for sale.

but either way good luck hope it works for you.also being accepted into a club in my mind is still just sales pitch and illusion of exclusivity I suspect all you need to be accepted is to contact them and actually have the 15k... do you have any special skills that would set you apart and why they would pick you ??

I've also got lucky and had a rental in a good growth market with pretty good cash flow, which appreciated over 50% in 2 yrs in both rents and value.Also, don't fixate on rates exclusively, they are all relative.

They just put all the 'problems' on an exclusion list that is not covered by the insurance. 

The obvious signs are overgrown landscaping, stacks of newspapers in driveways, and junk in the yard.