If your owner doesn’t play I would route for the following...The following strategy might be an interim idea hat gives you the option to test all waters.

I'm testing the water with something small, maybe around 100-150k.

Have a die test to see where the drain field is and a hydraulic load test to see if it's saturated.

For me this business still is feast or famine though a bigger litmus test is that it doesn't bring more commission income than my salary position.

What if you lived in a property as a primary residence for 2 years, and rented it for 4 years, then moved back into it for 2 years before selling it? Does it still qualify for the capital gains tax exclusion or will o...

Though there will be many factor that underwriting (and any good mortgage banker) will look at - when was the property bought, was it bought as primary and then switched to investment, how long as it been an investment, how far is it from the new property, it is nice then the new property that you want to buy, etc.The point been that the new purchase needs to pass the smell test.

The problem is the land was purchased prior to January 1, 2018, so it is not a qualifying asset for the asset tests under the OZ rules.

@Ibrahim Alanqar, the first thing that springs to my mind is: how will you find suitable deal/s for flipping, when you'd always be competing with cashed-up Investors/Flippers in the first place, who don't have to wait the length of time you would need to in order to close (and who therefore can get discounts easier than you, even though you'd need those same discounts), and who don't have to worry that the home may not pass the "habitable" test. 

It helps to keep in mind the exclusivity test when you make purchases. 

Then I would stress test it with what-if scenarios.