Larimer: Bit gritty there still currently but right beside very high priced neighborhoods and commercial business district of East Liberty/Bakery Square so could see it turning sooner rather than later would not be surprised. 

Many lenders are also a bit hesitant with the current market for 5+ units. 

Do you recommend repairing the current siding & painting as the alternative?

There is a small (<600 sf) house on the lot currently, which is in pretty rough shape. 

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

Trading off current cashflow for principal payoff in the future?

There's currently a website set up to get information from customers that have had this contract "sleight of hand" done to them. 

Hi Guys:I am currently looking in CA which cities are short term rental friendly.

As well as I just launched my starter supply and Bath product campaign on my current properties and will include it with new ones.