Under this setup, if I decided to sell the residence after 2 years, does the Capital Gain Exclusion (Section 121) still apply?  

Had it working and all tuned up by the next day.I now use that company exclusively and pay the $99 for their spring tune-up and system check.

@Alexander Schnidt, I think the $250K you're talking about is the primary residence exclusion under sec 121. 

It's the largest group on LinkedIn that is exclusively focused on mobile home park investing.Mobile Home University - http://www.mobilehomeuniversity.com - This is the site maintained by Dave Reynolds and Frank Rolfe.

https://www.irs.gov/newsroom/new-law-makes-clear-c...This is a bit of a narrow niche, but this change impacts at least a half dozen of my clients (all of whom are prior military, and two of whom are REIs) - so I thought it worth posting here.In a nutshell - contractors working overseas were previously not eligible for the Foreign Earned Income Exclusion (FEIE) if they maintained an abode in the US.

This lets you take fullest advantage of the primary residence exclusion and restart the clock on your next primary exclusion (although the rules are a little different when you convert a property). 

Is it Exclusivity list? 

This allows you to make your sellers feel as though they are in an exclusive group of home owners that have the best homes on the block. often times you can lead with a very simple and honest, "I would like to add your home to the package of carefully selected properties to be sold to cash buyers, there's nothing you would need to commit to even if someone made an offer to buy it."

You'll usually need some sort of guarantor that will not declare bankruptcy the minute something goes wrong; too easy to do that in an LLC.Once you have a track record, private money folks will lend to you, and on larger properties (large MF) commercial real estate banking looks almost exclusively at the property.Spend some time researching the financing options.  

If there is a claim and you are insured that's a great first step...BUT, be very sure to review your policy and exclusions from Chicago.