Eric Thomson,I have a split second between appointments here.Here is an example that should explain it for you: Gain on the sale of a principal residence that is otherwise eligible for the $250,000 / $500,000 exclusion may not be excluded to the extent that gain is allocated to a period of "nonqualified use."

Hi @Dave Thomson,Just quickly glancing at the property and some comps in the area, it does not seem like a good deal to me.

Thank you @Eric Thomson.

Eric Thomson, Escalation clauses are not acceptable with government owned foreclosures, first off.  

@Ryan Thomson Appreciate the resources!

@Ryan Thomson thanks man!

Michael Thomson to echo what has already been said, it varies from market to market, and different asset classes within those markets.

@Wendy Patton, @Dave Thomson, @Tim Johnson, @Ryan Kuja, @Ehsan RishatThank you all for the warm welcome guys!!

Quote from @Ryan Thomson: @Devin Voelker good plan!

Thank you @Ryan Thomson I needed this clear cut decision.