Just a heads up this will not be tax free, it will be a pro-rated exclusion.

@David Avetisyan If you sell your home for $510K and provide a $10K seller credit, your taxable gain is based on the net sale price of $500K ($510K - $10K credit), as seller credits reduce the gross selling price for tax purposes.Tax Impact in CaliforniaCapital Gains Calculation: Your gain is the net sale price minus your adjusted cost basis (purchase price + closing costs + capital improvements).Primary Residence Exclusion: If you’ve lived in and owned the home for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married) under IRC Section 121.California Tax: Capital gains are taxed as ordinary income at rates up to 13.3%.The $10K seller credit lowers your taxable gain.

Darrius  Local PM here - happy to help, we have multiple developments that are gearing up to sell in the next 6 months, few small multis and townhouses.

- L**** Markets I've rented in since 1997: College Park, MD | Centreville, VA | Brooklyn, NY (Bed-Stuy) | NY, NY (Upper East Side, Upper West Side, Murray Hill)**** City Councils and Lease Types: (9 different leases over 25+ years)** City Council of New York (market rate lease (1 with and multiple without guarantors), 1 rent stabilized lease, and 1 unique govt. program in C-class neighborhood), ** Prince George's County, MD (market rate) ** Fairfax County, VA (market rate)**** Building Types: ** Non-combustible 8-unit and 10-unit (both built 1950s-ish) (walk ups), ** Semi-renovated former tenament building (1870s-ish 1 sink, bathtub was originally in kitchen, built wall around it)** Garden-style apartment (2000s walk-up, private porch), ** Luxury 100+ elevator (built 2012 with non-foodretail underneath + underground parking garage + 24 hour security, ** Luxury 100+ elevator (built 1990s with grocery store and retail underneath)** Unrenovated brownstone (1870s-ish walk-up) (It was Hoboken, NJ circa 1996, I was the illegal 3rd tenant for a couple months)

I met up with an investor from here back in the day and he told me to put animal cages in my rentals.

Trust me, everyone of them will ask "wheres the closet in this room?" 

.: Someone asked me about a Due on Sale suit I was involved in and it reminded me of the many encounters I've had with trying to buy pre-foreclosures and do SubTo.Some of these brutes are big, ugly, scary, mean and volatile.

Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

I use excel , but many times I forget to add any expenses and then it messes up the calculations.How do experienced people do it ?