I haven't been able to see the interiors yet but the plan would be to squeeze a second bedroom in both of the 1/1 units making them a 2/1 and eventually give all three a face lift and hold for long term rentals with the end goal being to sell and roll profits into a bigger/ better deal. 

You would get 30% of the profits tax free (2 years as a primary out of 7 total years) up to that $250k limit. 

Better chance if you’re a big, profitable customer.Gotta ask the ATO what a file would require for them to be comfortable writing policy to pass title. 

We can hold the land for longer if the idea of building could generate future profits or obviously just sell the property.

Refinanced in 2017 roughly to drop PMI, lower interest rate and add my then wife to the mortgage.Selling for 287k in August of 2024I know that I won't have to pay capital gains tax on the profits- my question is the profit from the sale still treated like income and taxed accordingly?

This effort led to a successful sale on 12/03/2018 for $199,900, demonstrating the effectiveness of our renovation and marketing strategies, resulting in a substantial profit.

so all in he is about 100k including the 10k profit I will make I just saw the HUD this morning and he will get his 10k back and make 32k Net profit.. 2.

In doing so, assuming equity remains or has increased, you would profit.

I believe America is in the midst of an affordability crisis and giving prospective homebuyers more options could be both ethically rewarding and profitable. 

Here’s why you should consider it:🔑 High Profit Potential: With the right property, you can significantly increase your investment return.