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.

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

Where do you live, and where are your units? 

I live in Farmington Hills.

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

You can now live on that $200k if you want. 

Yes...as long as your living room is really nice....

I want to start investing in real estate in America in the near future, since I am not in America, I live in Europe, more precisely in Serbia, any advice and contact will mean a lot to me.

@Hudson Filippi What part of Northern MN do you live in now?