State websites will have it in their revised codes.Look at Sutton, MA (and the county it resides) to see if anything else is on top of this.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

The recalibration of reserve studies to account for these increases is inevitable, and unfortunately, this will likely lead to higher dues or special assessments, which can hit both residents on fixed incomes and investors hard.

Investment Info:Single-family residence wholesale investment.

If the property appraises for $500,000, you would only be able to cash out $375,000.Would this still be true as a primary residence or would we be able to find something like 5-10% down on a 30 yr loan?

Investment Info:Single-family residence buy & hold investment. 4 bed / 4 bath, 3500 sq ft

There's some pressure from tenants, but you're right on site to handle things quickly.The real investor-agent.

Is it realistic to pass material participation test if the property located far from primary residence, like vacation rental?

You may be able to factor in certain improvements to your personal residence so when you do move out, you can be eligible to depreciate it.

But as a property grows in size your rent/sq ft generally decreases.And right now the profit from that primary residence is tax free!!!