You will still be able to sell the home and receive the 121 exclusion if the home is rented for no more than 3 years.

I have a client who bought a few years ago and has been doing well out in that district.

If you plan to hold longer than 5 years, I'd reccomend you wait it out.

@Josh Oaten We visited Australia a year ago.

@Alexis CanalesYou're in a tough spot because FHA and most conventional lenders require two years of self-employment history, even with strong financials.

Assuming your plan worked, all you would need to do is refinance him out in three years.

pid=2164Houston Real Estate Highlights in February, 2025:-Single-family home sales declined 3.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 58 to 59 days;-Total property sales were down 4.7 percent with 7,202 units sold;-Total dollar volume was statistically flat at $2.8 billion;-The single-family median price declined 1.2 percent to $325,000;-The single-family average price rose 2.3 percent to $407,538;-Single-family home months of inventory registered a 4.4-months supply, up from 3.3 months last February.

However, when reading the FHA Loan Contingency Exhibit, section 20 reads: Home Warranty:If the improvements on Property are less than one year old at the time of Closing, Seller shall, if required by FHA, provide a home warranty certificate acceptable to FHA.Does this mean I have to personally warranty any issues on the property that may arise within a year or buy a home warranty from a company that offers that.

(I'm a Realtor and ended up making 2x what I usually do last year.)Now I'm pretty confused on what my options are.

technically no you can't do this for at least a year.