Now Cousin A owns only half of their home and throws away half of that exemption (as it applies to the capital gain from now forward). 2.

@Dock Newell Jr recommend you focus a bit higher than asking which neighborhoods to invest in.Suggest you take some time to understand how the local neighborhoods are ranked by Property Class/tenants and what to expect from them.See below for how we do this in Detroit and use as template (this is a copy & paste):Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

The biggest change will impact seller finance lenders who will be required to be licensed as a mortgage company once they exceed 3 loans in a consecutive 12 month period and will apply to all entities they use.

I'm rereading Brandon's book on Managing rental properties and he mentions that you need to give everyone an opportunity to apply, even if they don't meet the minimum criteria you have set.

I’m in the same situation and have the funds in an inherited IRA at the moment.If I convert this to a self-directed IRA, do the same rules apply as if this was a ‘self-directed IRA?”

I think these tips can apply for lots of vacation rental markets.

I’m not doing AirBNB so those rules don’t apply to me.

Maybe they operate in multiple states and are applying the wrong statutes to your property?

You need to have standard screening criteria and apply it consistently.

MTR is a long-term rental, and all the same rules apply.