I used to use them and I like them before using Revmax now with live Rev Manager (for PM/large portfolio)Channel Manager- BookingPal, RentalsUnited

I've lived through rehabs, flips, short sales and made lots of money on buying and selling real estate.

If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.

He could perhaps also buy a duplex and live in one apartment while getting income from the other.

We live in an electronic world so people don't favor doing that anymore.

Andrew and Lara,I will be at the Deal Maker live event as well, I'm sure you guys will be able to find someone interested there, should be well attended.

I live in Georgia and the hurricane destroyed the roof.

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If you live in the illegal apartment, and it's separate, then what you've done is use an R-1 (single family home) zoning as an R-2 (duplex), and since that wouldn't be legal, the tenant may be able to successfully sue you for renting an illegal unit - even if you are in the illegal apartment - just because it's not legal to have 2 separate apartments on that property.I'm wondering if you could somehow rent it as a roommate situation, though, and get around that.  

If you're accredited start researching potential syndicated deals- Some you can get in for as little as $50K; muitifamily, storage facilities, Residential Assisted Living.....