This would only come into play or be worthwhile if your section 121 exclusion doesn't cover all your gain.

Pete Housing Authority and renting to Section 8 tenants?

@J Scott Yes I understood what the spreadsheet was conveying and that there was some materials provided in the labor section since it's difficult to know what the contractor spent on materials since most people pay after the job is done anyway.  

I’be backed myself in a corner and need to start exchange early this week but the company I normally use said I can’t close until next Tuesday if they are doing it.

I have a 4/3 3k SF pool home on a lake 10 minutes from Disney in 4 corners, and I would be in serious sense trouble right now if I needed this house to net anything, much less 4k per month.

I called the Houston Housing Authority and they said my property would get approved for up to $4313 as a section 8 long term rental.

On paper, the plan here is that you get some rent from Section 8 directly and some from the tenant.Are you still getting any rent from section 8 ?   

The "Business Sprints" section especially, haha. 

They’re obviously listed under the foreclosure section, but it looks maybe they read as warnings?

(I'm thinking adding 2 Beds and 1 bath, or maybe a master with walk in closet and an on suite, a large corner home office, etc. raise rent to $1,600)Needs: Roof, Siding, and Basement Work (potentially more space if the basement is redone, adding a bedroom and bathroom, rent at $1,800?)