So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

I am partnering with another investor who owns 4 single family homes in that vicinity.

Issues 1) even garage conversion ADUs in single family zoned areas typically cost more to build than the value that they add.  

Quote from @Reed Rickenbach: John - as long as you are still following strict screening criteria I agree for single family.

Quote from @Kash Tacke: Hi,I have two single family houses in Detroit currently rented out. 

Not sure if you have a single STR or manage a portfolio, but I’m only managing one STR right now, and wondering how to set up that kind of payment?

I own single family homes but would love to venture into a multi fam…Thank you ! 

Make sure your listing clearly outlines your screening criteria as well as your "house rules" if you're renting out a single room in your home.

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