Hello Susie, rents in the LHV range from $850 to $1400 in the normal 1 to 3 BR (excluding high end complexes).

So our HOA general liability policy covers the exterior and interior of our townhomes, excluding personal property.

Once we learned about the tax benefits afforded to military, namely occupying a house for 2 years out of 10 years and excluding the capital gains, we began to use this strategy. 

There's a lot that goes into spreading business returns and much that can be excluded and added back. 

The tax code allows you to exclude up to $250,000 ($500,000 for joint return) of the gain from the sale of a property that was used as your primary residence for at least two of the five years before the sale.

@Alex Wasilchuk  The 1% rule is just a screening tool and should definitely not be the sole criteria for which a house is included/excluded. 

My plan is to buy and hold.PUB02121 of the MO Department of Natural Resources states that “demolition or renovation to an institutional, commercial, public, industrial or residential structure (excluding exempt residential structures as described in the preceding section) will involve greater than 160 square feet, 260 linear feet, or 35 cubic feet of regulated asbestos containing materials, then the removal of the asbestos is regulated by the department” but the City Planning and Development Guidelines for KC state “any person undertaking the demolition or renovation of any structure shall employ Missouri registered contractors and certified workers”.It seems to me that the city regulation requires you to contract a certified asbestos abatement professional while the DNR will only require this action when meeting a certain threshold of asbestos material but I am not sure.I should add that I am not an experienced real estate investor nor do I work in the real estate industry but I want to go into this with my eyes open and I am sure I will have many more questions in the future.

Now we're (actually, only I am, since you never caught up) talking about dropping the monthly lease amount to exclude parking.

Just wondering if insurance agents try to exclude important coverages that may be under something (for example liability included but some important sub-coverage is not active).Thanks

This appears to be 4% per year excluding the first and last years, where it is 2%.