Question is: if I have one of these LLC (owned husband and wife, in a non-community property state), but it's a just a passive LLC - such that all it does is owns public securities (ie, our brokerage accounts are titled in the name of the LLC), does the same rule apply?

As far as SingleKey actually paying out on claims for tenant non-payment up to 12 months, property damages up to $10k reimbursed, covering 30 days of vacant property losses and helping out with tenant evictions up to $2k (as advertised), curious if anyone on here can attest to SingleKey actually paying out on these claims successfully.

But my down payment 3 years ago is only 10% of the total price $42K.

Based on the CU's loan calculator, we can finance that over 60 months for a $320 payment. 

The substantial cash need for large down payment or all cash that most others don't have .

Which means that they pay you a down payment and you finance the properties to them.

How long have you owned these, and how much is rent vs the payment?

On 12/19/2024, we sold it for $99,000, securing a great return.

.- get into real estate with a lower rate and lesser percentage down payment.

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.