., a divorce decree), or The Borrower is a cosigner/guarantor on the related Mortgage debt and someone other than the Borrower has made payments on the debt associated with the property for the most recent 12 months, as documented with copies of canceled checks or a statement from the lender See Section 5401.2(b)(i) for requirements for excluding liabilities, including Mortgage debt, from the monthly debt payment-to-income ratio.Well - this is my third property that I am acquiring.

@Nicholas Hamel Nick, in your scenario you would pay it on $6k, which would be reduced further by closing costs (excluding prepaids) you paid on purchase and sale.You are absolutely right, there is no harm in listing.

If so, and you used their title co, forget everything I said about the title search.....they didn’t do it and it is excluded in the B section exceptions.

if so, was it longer than the 2 year rule to exclude capital gains?

Excluding taxes and ins is what is throwing off your numbers. 

That may give you enough capital for down payments on investment properties.3) If you have been living in the house for more than 2 years and owned it that entire time (and do this before the tax reform bill in Congress potentially becomes law), you can exclude up to $250,000 in gain from taxes ($500k if MFJ).

Our combined income excluding rentals is about 120k.  

Let's call it $1K for mortgage with PMI excluding insurance and taxes for 3.5% down.

Your total All-in Cost basis (excluding Closing and Holding costs) is $105,500 ($93,500 Purchase price + $12,000 Rehab costs).  

By moving back into the property you create a period of nonqualified use, thus only part of your gain is excluded from taxes.