This single-family residence spans approximately 4,250 square feet and features 5 bedrooms and 5 bathrooms.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

It is a single family home.

What is he charging for the materials?

.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

Quote from @Kash Tacke: Hi,I have two single family houses in Detroit currently rented out. 

the issue is the $200K investment does not add any where close to $200K of value in most single family zoned areas. 

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

Single family usually doesn't make much sense from a rent/price ratio in A-B areas unless you are doing a rehab.