Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

They travel the country setting up free introductory courses in Holiday Inns.1977 - Robert Allen, a California single family home investor, riding the California inflationary price increases.published a book “Nothing Down’ and crosses the country with his own “introductory workshop”.

Capital gain can be avoided by using sec 121 home exclusion (upto certain limit).

For example we write exclusive use of the rental property includes use on two sides to the tree line, on one side to the rock wall and to the front curb. 

Where i have seen owners get fubared is they have a renters policy and there is an exclusion for when the house goes vacant and they do not know that and then something happens to their rental and they get denied..

Just because you come to terms on price you do have to also do due diligence before you sign the contract and become exclusive.  

The past five years here in Oregon I've focused almost exclusively on investor related acquisitions and sales of vacation rentals, multi family complexes and commercial real estate. 

The great divide” is between purchasing real property for CASH FLOW, or purchasing real property for CAPITAL APPRECIATION.IKnow, I know, the two are NOT mutually exclusive.  

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

From a sales perspective, if you're married ($500k) or if single ($250k), you'd have a portion of the exclusion (%50) assuming the square footage is the same for each unit (assuming a duplex)The remainder (%50) could be 1031 exchanged into another property tax deferred.