I lived in St Paul for 19 years and now live in a suburb of St Paul for the last 6 years.

We do have a few other investments besides RE, but they are baby investments.I'm very comfortable with my RE investments which have proven themselves over the last 30 years.

Prior to my clients' closings (rental properties in 2 states) in the last 6 months, I worked with IPX to prepare for DST investments.

I signed up last year and I'm just now started to take my investment plan seriously. 

Just bought 3 houses last week from a builder. 

My grandmother is the last tenant in a string of their abandoned properties.I don't want to be stuck with trying to figure how to dispose or move the trailer.

We are Canadian from Ontario and  have been investing in the US for the last 7 years.

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.

Quote from @Kelly Giarrocco: I bought a vacant property on Sherriff sale last year on the ********** site.1.

As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.