I want borrow $50k per person from my family and friends with a Interest rate of 10% annually (distributed quarterly or monthly) to purchase and rehab a deal, stabilize the property, and put debt on it from Fannie Mae.

But until all those people (marketing departments, etc) are fired, they are promising more and more outlandish stuff to suck another quarter or half year of employment out of the era of historically low rates. 

Partnership taxation can be very simple but can also get very complicated very fast, especially when you get into substantial economic effect issues.

I was able to exclude much of the capital gain from taxation due to the personal residence exclusion (https://www.irs.gov/taxtopics/tc701).I moved to an area with a lower cost of living and am renting while I assess my opportunities for buying a smaller home at a lower price.

If it was a flat surface we would simply install quarter round with clear caulking to act as the moisture barrier and keeping the flooring down.

So... (1) Since I lived in the property for two of the last five years am I exempt from all of the capital gains, or a quarter of the gains?

I have a question;In terms of taxation on income taxes for the IRS, how is rental income treated?

But it's only about 5 miles from the local water supply, where you can fill a 500 gal tank up with just a few quarters. 

I have been told by several people in Atlantic city (real estate agent, home owners other investors) that in NJ at closing you only have to pay a quarter of your taxes, home owners insurance and flood insurance upfront.

@Peter Sanchez Great suggestion on Dataroma, but the major issue is most of the data on there comes from quarterly disclosures, so its old news.