My dad and I have two lots that have rental properties on them.

HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Those two things turn some folks off, but if the numbers work, they work. 

In 2013, I completely cashed out my $430,000 401K to do just this - buy two small cabins for $280,000. 

Two things that stood out when I took a closer look a few months ago were:1.

Then I plan to become a travel nurse and we will live in the RV while the two are being rented out and go from there buying more properties.

I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs. 

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

I ended up buying a different property two blocks away.  

My property is at the end, and the two at the end are the only two that really suffer.