Second all regs apply to owner occupied residences and NOT commercial or investment property, although in theory it should not matter.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment in Elizabeth Lake.

You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.

After talking with others and seeing how robust contracts are supposed to be, I realized that these wholesalers really don't know much about protecting the buyers or sellers, just themselves.  

There are a lot of factors to consider here, but if you can keep your current residence as a rental, I would do that, possibly even a STR or MTR. 

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

Investment Info:Single-family residence buy & hold investment in Fargo.

Augusta, GA is the home of the Masters and a lot of folk vacate their residences in order to make some cashola.I don't mean to bust your chops on this as the info was great, but it isn't a loophole and the IRS doesn't consider it a loophole.

But we'd also like to be compensated for this cost especially since we are offering our residents a service.