I also don't plan on excluding any area that could prove worthwhile.

(Note that the 9.6% to the right of the thumbnail is based on the "raw" numbers which excludes vacancy and repairs; those costs are included in the detailed cash-flow analysis when clicking the orange button.)        

Anyway here is my  criteria GeographyCA:OrangeBathrooms1-10 Bedrooms 2-10 Equity 31%-100%Length of Residence: 1-7 years (i don't want to miss out on newcomers that want out soon after they get a feel for being a landlord)Total Assessed Value: $175k-$500k  (175k to omit war zones)Age 45-65+ Options Mailing address and property address completeCorporate owned exclude Trustee Owned exclude Count: 8,471 countPick Absentee owner only : Count shrinks to 10 

Due to the deleterious impact that the Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers would have on the vast majority of chattel lenders making loans, Rishel Consulting Group respectfully recommends that chattel lending be recognized as a different form of lending from real estate lending, and be specifically excluded in writing in any recommendations made to the various states.

So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom

Based on Revenue Procedure 2008-16, we recommend that our clients hold the property for investment for at least 24 months or more, to demonstrate that they have the intent to hold for investment.Once you have held the property for investment for at least 24 months, you can sell it and qualify for a combined 121 Exclusion and 1031 Exchange strategy.You would sell the property, exclude the full $500,000 in capital gains (as a married couple) from your taxable income, and complete a 1031 Exchange on the balance of the transaction to defer the rest of your capital gain, including any depreciation recapture, into the purchase of another rental property.

Breaking the chain of TI can be an issue for future owners obtaining their title coverage, your period of ownership may be excluded.

The OP follows in the same interest as the previous property owner since she has become the 'new' property owner.The rule draws distinction among certain fields of data which may be available to certain parties while excluded to other parties.   

The portion of the mortgage interest allocated to the rental unit is deducted on Schedule E.If you sell for a profit and meet the 2 of the prior 5 years ownership and occupancy rules, you can exclude up to $250K per taxpayer from the portion of the capital gains attributed to your residential unit.  

The lender will require the buyer of a short sale to be an arms length party, and you're excluded from that.