He told me that the scope of work the brokerage desires excludes the roof and the exterior of the foundation among other things!

If you lived in a house for a decade as your primary residence, then rented it out for two years prior to the sale, for example, you would still qualify under this test.Use: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale.Timing: You have not excluded the gain on the sale of another home within two years prior to this sale

I'd expect closer to $45k/year (excluding vacancy).

So I just came across an article about American debt and why some economists aren't concerned that consumer debt (excluding mortgages) is about to hit $4 trillion.

If I had cash for the down payment and rehab costs and didn't need to utilize the HELOC for this purchase, I would save $210 / month and the cash flow would look much better.I have thought about excluding the costs of the HELOC from the calculations of the initial analysis. 

I would  be curious to know if any Realtors receive and facilitate client requests to exclude sales price data from sold residential listings.  

One of my HOA's includes water, sewer, and another excludes water, sewer, and trash.

I was addressing the desirability aspect of a typical 2 br unit for an owner who claims no experience in smaller units, not suggesting one "filter" or exclude applicants based on familial aspects.

The house was appraised at 475K, and the mortgage still has a balance of 360K remaining (excluding late fees) .

OK, so maybe that wasn't the answer you were looking for...Excluding updating/remodeling, it would likely be plumbing and issues caused by plumbing problems.