Good luck :) Bill, wouldn't this situation be under the gift tax exclusion?

I understand that we can give a maximum of $28k to each donee for the annual exclusion amount. 

The unit/half you live in would be treated as your primary residence, and eligible for the 121 exclusion tax exemption, after 2 years.  

If you sell within 3 years of renting them out (if you decide to), you will probably qualify for the sec 121 tax free exclusion on your gains.  

My company operates exclusively in Indiana and Florida tax sales.  

@Michael Brunner, The greatest gig going is what the govt. gives you in sec 121 the primary residence exclusion.  

Many couples  want to use the 5 year period post divorce for real property transactions that can still benefit from the section 121 marital exclusion on capital gains. 

I can't think of any reason these two are mutually exclusive.

Scenario A: You find a SMOKIN' HOT deal on a House- you advertise it via (craigslist, signs, newspaper & 10 people call you salivatingSOLD to the lady in the pretty black dressB: You place a ghost ad on craigslist or do some networking & get a list of 20 buyers.

@Brian Cook I don't think the 2 are mutually exclusive.