It has ample basement living space, that the tenant uses as a third bedroom.

Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.

I live in Farmington Hills.

Where do you live, and where are your units? 

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

I also have registered my "rental company" with the state of Maryland, where we live. 

I used to live in the city and the taxes and water bills are nightmares.

Also, if it fits your budget and your business needs a write off BPCON lives up to the hype. 

I currently live in San Diego, Ca. but have been looking in the midwest, mainly Iowa, Indiana and Ohio, for properties. 

Hi, I am on my first flip, live in WA state found a partner in Ohaio, the rehab is in OH.