@Brett JurgensThe "2 out of the last 5-year rule" in real estate allows homeowners to exclude up to $250,000 ($500,000 for married couples) of capital gains from the sale of their primary residence if they lived in the home for at least two out of the five years before the sale.

One would be when you have a primary home and its listed on MLS (for sale) and the bank gives you the cash out until the home sells and the loan is set up for 12 to 18 months.

@Jun Lee One pro that I can think of a solo 401K is there is no UBIT taxes when an asset u invested that had leverage sales.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

The average price sold duplex we can guess he's looking at about a $295000 sale.

The site we want is for sale, zoned correctly, priced right.One problem.  

@Lance Wakefield since you are in Collin County, if you plan on attending the Collin county sale; check with the Collin County Sheriff for property listings.

Purchase price: $57,000 Sale price: $164,900 This was a fix and flip in a mixed area of homes where the conditions are not great.

State's differ quite a bit not just with their laws but with how certain aspects of a sale are customarily handled.

Those that deal with the 12 1/2 % remaining have a chance for much better success OVER THE LONG TERM, in all economic environments.