Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

These are all valuable tips I will apply on this journey. 

This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.

@Srinivas BondadaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Same applies for someone on welfare, if they do not meet your screening requirements they simply do not qualify.The sole purpose of setting screening standards is to denying applicants based on those standards.

Just to clarify, ADA requirements generally apply to commercial spaces or federally/state-subsidized housing, while accessibility requirements can apply to both public and private entities.

You can also apply for lien subordination to allow refinancing or sale.

. - When do I apply for a loan in the process of me getting a deal?

. $1,520.00•Demo about 12” of walls and rip out entire shower pan and step •Install cement board on exposed wall •Apply RedGuard and Waterproof membrane to shower pan and up the exposed walls •Install new drain adapter in shower floor •Install new tiles provided by client Optional (just in case fixing shower pan does not fix the water leak) rebuild shower. costs extra $5100•Demo shower • New plumbing for a new fixture •Install cement board on exposed wall •Apply RedGuard and Waterproof membrane to shower pan and up the exposed walls •Install new drain adapter in shower floor •Install new tiles provided by client •Client provides plumbing fixture

The same applies to an IRA.