Hey Tim, Under IRS Publication 523, as a military member on qualified extended duty, you benefit from an extension of the “2 out of 5 years” rule to “2 out of the last 10 years” for excluding capital gains on the sale of a primary residence.

And frankly in many instances depending on the situation it could be beneficial for the owner to let it go.. as they are entitle to the overages..

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

For instance, your bathroom picture is so close up that it looks even smaller than it probably is.

For instance, I served as an expert witness in a case where a property was transferred to a new owner sub-to.

For instance, if it's a small portion and you indicated during initial intake/application that electrical is updated they wouldn't have any way of knowing. 

For instance, do 2/2 properties typically have longer average stays, or are they more desirable?

We took out a HELOC on the property a few years back to do some extensive repairs and we've just now got what we owe on the HELOC paid off

Hi Allen, I have thought about this myself extensively over the years. 

The only instance where it might be more beneficial to do it this way vs. getting financing right off the bat is if you need to be SUPER competitive with your offers in your market.