If long-term, rebuilding the home could offer substantial future gains, but keep the high construction costs and California’s permitting process in mind.Mariposa homeThis emotional project has potential as a vacation rental due to its location.

My question is, do I qualify as having lived in the house for this time, to get around the 2 out of 5 years capital gains tax rule?

Instant equity gains after the build is complete, easy to manage, high demands. 

And could start making a small amount of cashflow and start gaining appreciation with an LTR.Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR?

Business credit is largely irrelevant until you get into the true CRE and commercial lending space, and even then, the key principles are weighted heavily.

First, how does everyone handle the capital gains on a rehab project?

That USA is GAINING not LOOSING market share or dominance in?   

I am going to have to wait but I’m eager to get started with the specialized knowledge I’ve gained.  

I want this to be a vehicle for my wife and I to gain financial freedom and grow a portfolio to support the lifestyle we want when I retire. 

I don't care because I want to gain PM experience.