I'll explain why later.If you buy the primary first and the investment second, we can use 75% of the anticipated gross rent to help qualify for the investment property.If you buy the investment first, we can use 75% of the gross rents to offset that mortgage to help you qualify for your primary purchase.You didn't bring this up, but if you buy your primary first, live in it, then buy another primary and convert your first primary into a rental, we can use 75% of the gross rent to help you qualify.

It depends in how much the property appreciated and how much you anticipate the market will appreciate in the future.Being able to exclude $250,000 of gain is great...but excluding only $50,000 of gain is much less appreciated; especially if it is taking away opportunity costs elsewhere.Furthermore, since you have a duplex, section 121 exclusion is applicable for only 1/2 the property.

I ensured progress was being made, anticipated issues and discussed with my partner to decide together what actions to take What was the outcome?

I ensured progress was being made, anticipated issues and discussed with my partner to decide together what actions to take What was the outcome?

I have recently early retired  - earlier than I anticipated (I'm 46), and I don't want all my money in paper assets with the stock market.  

The two greatest lessons we’ve learned are around lending and working with contractors.We anticipated closing escrow and then securing a HELOC for about $250k to complete the renovations.  

Eventually they will still want to move to a more normal layout and configuration when the market allows it to.Some land the juice just isn't worth the squeeze for anticipated returns. 

Everything turned out okay, just a little more work than I anticipated.

repaied by 9/13 for township re-inspection and not my inspector with previously anticipated closing date 9/14: - furnace repair- *electric repair- *basement smoke detectors replaced- *2nd floor bedroom battery for smoke detectorHowever, the local U&R requirement is just for safe occupancy and certainly not to the standards of this house at the time of sales agreement (house was agreed to over asking, AND above market value locally due to its great condition prior to the flood), and PA Agreement of Sales specifically states ("home must be in condition when it was agreed to").I have had numerous emails/info exchanged with my lawyer now.Any recommendation, pointers, insights?

Now, if you anticipate property values to grow 3% per year, this would result in about $12k of additional equity value each year, or another 7.8% of your current equity, creating a roughly 10% annualized return.