A taxpayer is on qualified extended duty when at a duty station that is at least 50 miles from the residence sold, or when residing under orders in government housing, for more than 90 days or for an indefinite period.This change applies to home sales after May 6, 1997.

You could have moisture issues, which will shorten the life of the paint, and even if you don't, it has to be repainted at some point indefinitely.

The lease and the tenant’s right to remain in possession continue, indefinitely, until the landlord has “good cause” to terminate.

Ultimately, we'd like to retire at a reasonable age, travel, have a legacy that teaches our kids about hard work AND money as well as continue to invest indefinitely. 

The guy i want to kick out pays 625 on a 1 bed that is running 875-1K in my market.The good thing is that i factored all this in and can afford to pay for the building indefinitely if i have no tenants (great w2 job) so i have leeway if they leave and can take the time to get a quality tenant (even though its not ideal for cashflow if they do because i want to buy more property).

And you will get to defer recapture indefinitely as long as you do a 1031 exchange when you sell your property

The second option has a good credit score, appropriate income, no pets, and wants to rent “indefinitely”.

I'm much more interested in long term indefinite yield from wholly owned assets that I would hope to sit on long term.

Good job jumping in, definitely a lot of work to be done on the rehab, but once you get tenants in it'll feel like a great accomplishment!

I think the biggest issue is that this is for my primary residence.I know there is the FHA 203k and Fannie/Freddie products that accomplish this, however, they take too long to close, and I'm looking to make myself look like a cash buyer that can close quickly and indefinitely in as is condition.Thank you!