. $500,000 was tax free due to being married.  

The tenants in back apartment were married, was informed by the female that they were getting a divorce but she would be fine paying rent alone.

Quote from @Michael Izbotsky: @Ashish Acharya My SMLLC was created after we married, so couldn't that argument carry over that the LLC is "owned equally by both spouses"?

Quote from @Andre Bertoncin: Hi, im 34, married w/ 2 young children.

It's a good way to marry rehabbing distressed real estate equity capture with long term note income for retirement accounts for those that are interested.

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

The way it works out, for 2025 if your taxable income plus any long-term capital gains amounts total up to less than $126,700 (assuming married filing jointly standard deduction of $30,000 plus the 0% LTCG tax bracket of $96,700) right now the capital gains tax rate is 0%.

@Joseph Beilke we are getting married in Jaco, Costa Rica in a month and thought the same.

You’ve got a couple of good options here.

Quote from @Akshay Bhaskaran: Me and my wife are Residential Real Estate Investors for the past couple years.