If you teach your kids properly it will greatly reduce their chances of being irresponsible with money and other aspects of being a responsible adult.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion.

With a ton of equity, and by all means, we are wanting to take advantage of the 500k tax exclusion if possible.There is also a probability that we will move back into this home in the future, let's say in a few years or so.

That said, there’s nothing like folks who are exclusively in it for you. 

Most insurance companies won't insure them, and most lenders are hesitant to provide financing for them, which makes the sale even more challenging.There are, however, investors who specialize exclusively in mobile homes.

“Deal dog” daily email sends me the same crap from Craigslist (other wholesalers listing properties) and auction.com (exclusively foreclosure auctions).My three day cancellation window has passed, but one more strike (testing again tomorrow), and I will fight tooth & nail for a refund.Not happy thus far...  

.; 5. exceptions to coverage such as restrictions and easements that burden the property; 6. exclusions from coverage such as governmental actions. 

My question is when we sale are we able to get the primary residence exclusion and not have to pay taxes on the 85k profit (100k gross-selling costs)?

You haven’t said what amount the rent is but I’m sure it’s not NYC prices and reasonably between 6 adults if they’re working even part time jobs they would likely be able to come up with the rent.

I am 59, and my household includes my wife and two adult children.