The property is being sold by a daughter who is moving her mom out of state to live with her, since her mom's health has deteriorated.

Here is the IRS publication regarding residential rental property which also defines when the asset is considered "placed in service" and with examples too. The

When you started investing in real estate what did you do when you decided to quit your day job regarding health insurance, life, vision and dental? 

@Isaiah Oloyede Call the town health department. 

@Kole Kingslien, about a year ago, I purchased a 4-plex with asbestos siding using a 203k loan, so here’s what I experienced...The asbestos siding (at least mine) is not dangerous to health, like many people believe the insulation. 

Expect many rejected offers for apartment complexes too. The

His health was declining due to cancer and he'd called one of our "We buy houses" ads, wanting us to buy.  

But my wife and I had some significant health issue and our credit and income won't qualify.So I am thinking of selling. 

@Trevor DickieYes, the 2-yr gap rule is a problem.If the sale of your current home is not due to some unforeseeable circumstances - like job change, health etc. - then your best option is to pay tax on the condo.

She’s got mental health issues.