The two year rule is that you must own AND occupy the property as your primary residence at least two of the five years prior to sale to exclude some or all of your capital gains from taxes.  

Another thing to keep in mind is that the BRRR strategy works best when a property is bought with low leverage or all cash.What’s your property buying criteria?

You can use a note and sell part or all of the obligation for cash to you, but you'll need to provide guarantees on the note, selling a first position and keeping yourself in second and when you do something like that you usually don't get much cash out in relation to the sale price, but that depends on where you are in the property..Another way is to sell it to an investor and put them in there with that investor, but you'llneed to make room for the investor to profit.

The backstory or all this other nonsense that people talk about.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

They will handle some or all of procurement depending on the company.  

Now, some or all liens may need to be paid.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

I don't know your market, but I'd bet the $400-$800 rent range is a tough market for a newbie to manage rentals in because the tenant class could be challenging and because maintenance, capex, etc. may end up eating a lot (or all) of your cash flow since there isn't a whole lot of rent to cover those items.

Imagine our surprise to find "Great Stuff" sprayed everywhere, including inside the outlet and light switch cavities of interior walls!