Quote from @Jimmy Rojas: Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes? 

I have some brand new homes in Phoenix that cash flow with 25% down.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

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.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

I also can take out a home equity line of credit on my current home....but I need direction. 

It is a single family home.

Our strategy is looking for multi-family homes to purchase and hold as option 1. 

Quote from @Brandon Blackmon: Hello BP Community,I want to start flipping homes in my market, and potentially out of state, and I want to know how to budget for a General Contractor.