The ownership and use periods do not need to be consecutive.Exceptions to the Two-Year Rule:If you're selling due to a change in employment, health reasons, or other unforeseen circumstances, you may be eligible for a reduced exclusion.In cases of unforeseen circumstances, the IRS may prorate the exclusion based on the time you spent in the home.In your situation, if you sell the property before meeting the two-year ownership and use requirement, you may not qualify for the full exclusion.

You mentioned airbnb and short term rentals. those can be (under the right circumstances) very tax-favorable and have you move towards your FI journey even faster with a lower tax bill.

I understand there are different circumstances that can determine if this is a good decision or not but I was wanting to hear some of your opinions on property management.

Any advice or if anyone knows of a mortgage lender or private lender that would lend to someone under my circumstances id be glad to discuss, thanks.

I would prefer to flip it but it may be my first rental property depending on the circumstances.

Brandon,My point is facts and circumstances.

CAPREIT is interested exclusively in institutional sized multifamily apartment projects (at least 150 units, preferably larger -- under no circumstances would we even look at anything less than 100 units).

Great intro @Melani Pratt, welcome to the site.One word of wisdom though: the first deal is not the hardest... that distinction is for the second one.Then once you have the second one, it's the third one.

For each day you advertise but are not registered with the city you pay something like $200 per day.The reading I've done around removing RSO tenants is that it can be done under a few limited circumstances and there is a corresponding fee to be paid that depends on age, family size??

The rule of thumb is that you make your money when you buy the house; in other words, it is imperative that you buy the property for the right price so that you can make your repairs and face obstacles and still come out ahead in next to all circumstances.