If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I learned this when I bought 12 new builds for GOZONE tax bene's really nice brick homes in best part of town but values just did not rise enough so by the time i had to change everything out and pay sales commish it was break even at best..

If you live there 2 years or more before selling you will be exempt from tax on the 1st $250k in profit which is a nice bonus. 

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@Josh Ball mentions, there are issues with foreign investors but, nowadays, it's not necessarily on the tax front anymore.

If you do not get that tax credit its usually not profitable. 

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?

Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.