So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

My client would have been willing to pay up to the whole listed price because the property will be worth ~$525k ARV. 

So for her, the fees of 3% at closing and 1.5% per year is a steal vs paying $400,000.

Fun fact: Before deciding to become an entrepreneur, I worked as a Ticket Sales Representative with The Memphis Grizzlies!

They also ask people to look into their financials and assets at the sales event.

Purchase price: $185,000 Cash invested: $5,000 Sale price: $220,000 Occupied by my in-laws.

One didn't make your list.1) I see people all the time raising money for real estate deals but they call it a partnership either because they are ignorant of the law or they are trying to avoid paying for all the legal work. 

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

I am also a member/subscriber of Vodessey, Short Sale Prophets Basic, and several others. 

Pay to separately meter the utility.