I live in a small town in eastern Arizona, about 7000 people, and we have a pretty serious shortage of rental properties.

The lender rep or broker you are working with should be able to walk you through each step so you have a firm understanding of what has to happen in order to get your file to closing. 

As long as you're filing jointly, both meeting the 2 yr use test, and either meeting the ownership test, then the full $500k can be claimed. 

I've lived in Alaska, Idaho, Utah, Arizona, and California(current residence), and analyzing deals in my "back yard" at each location usually ends with me paying out of pocket to own a rental. 

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

I'll start --- Phoenix-Mesa-Chandler, Arizona - MADE THE 2025 LIST! 

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

This attorney should handle creation of your PPM and state filing requirements, but they do not handle the PSA or closing. 

If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.

.✅ Appeal with FEMA: If you have evidence that your home is at a lower flood risk than designated, you can file an appeal with FEMA to reclassify your property.4.