He can exclude up to $250,000 in taxable gain if he is single or $500,000 in taxable gain if he is married.  

@James Mc Ree - the one piece you excluded is what you want to do.

Lenders would lose out a lot of business if they excluded people who worked in that industry.

We've seen plenty of both over the years.An IRA can invest in anything the IRS rules allow for, which excludes life insurance and collectibles. 

Unfortunately, I was not able to work things out with the seller as you did, but I do feel that this was not due to excluding the agent.

Hi Everyone -I am looking for some advice on what you are seeing property managers charge in New England for larger multifamilies, 50 units and above, including all the costs of employee payroll (leasing agents, site manager, etc) but excluding maintenance.

Skora I recommend to try and exclude owner-occupied or include owner unknown along with absentee owners.

Realistically, I only put down my original $5,000 in earnest money and at closing I received $5,662 (excluding $3,950 in security deposits) since I used my commission as a down payment on this deal.

@TJ Watson most vacation rental investor are looking for closer to 2%, not 1% (excluding TOT tax from the rental revenue). 

PI/TI excluded from cash flow and cash needed for rehab seems to also be excluded from final reports.