If you have lived in it for 2 yrs I would suggest renting it for 2 - 3 years and then selling it to avoid capital gains taxes. 

Because someone looking to live in the property will pay more because it's usually an emotionally drive decision.

You live in a $1,000,000 house and are able to secure a HELOC for $150,000. 

Does Goodin Development have offices or assets located anywhere else in Indiana other than where you live?

@Candice Coates I actually co-host since I still live in CA for now

I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.

Hello,My wife and I recently found a property that fits all of the things we are looking for, perfect location, price, rooms, etc. except for one problem: The previous owner was a smoker :( Does anyone have experience buying/renting out/living in a home previously owned by smokers?

The city you live in at any point could just create restrictions on STRs and you will loose your ***.  

You may also find a house hack works for this if you're living there.

In some cases, the rescue artist may have the homeowner live in the home as a tenant and pay rent to the rescue artist.