But with that one lender I found I am not lendable due to not having proof of income for the last two years.

We do have a few other investments besides RE, but they are baby investments.I'm very comfortable with my RE investments which have proven themselves over the last 30 years.

However, as I've been tracking new listings in this area and running the numbers on them, I have realized this strategy has either gotten too much attention in the last few years or the supply just isn't there any more.

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.

Strange feeling, but that’s where I was.In the last 6 months, I have heard some of the worst situations that sellers have been in.

Prior to my clients' closings (rental properties in 2 states) in the last 6 months, I worked with IPX to prepare for DST investments.

I lived in St Paul for 19 years and now live in a suburb of St Paul for the last 6 years.

Just bought 3 houses last week from a builder. 

Quote from @Kelly Giarrocco: I bought a vacant property on Sherriff sale last year on the ********** site.1.

As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.