If the investor lives at the residence for at least two years out of the five years prior to its date of sale, he is exempt from paying capital gains tax on the first $250K of capital gain ($500K if filing a joint return with a spouse).An investor could rent a house and live in a trailer on the property (1) if the property is sufficiently large to make that practicable and (2) if such a circumstance is permitted by the local jurisdiction. 

@Saleh Sedighi, multifamily is can mean a duplex to an 800 unit complex.  

Now, Quest officially made every one WFH mandatory, They are putting all their RE for sale. Hence

I would be paying for interest, property taxes, and insurance out the ying yang and maybe breaking even if I sold the house 30 years later with average appreciation.

@Saleh SedighiReach out to @Jana Cain and @Matt Ward

@Moly Yang I don't think it's worth that.

George Yang I'm new also and I am in the upstate.

Hi @Xang Yang,Unsecured borrowed funds cannot be used for down payment, closing costs, or any required PITI reserves.

He bought something in the continued upset sale and before paying the balance, i.e. he had to pay 10% at the sale, he went to his title company and had them run the title before he paid the balance 90%.  

Over the summer, I noticed a previous high school teacher of mine's house came up for sale.... He