You will get to prorate the gain betweens periods of "qualified use" (as your primary) and "non-qualified use" (as investment). 

You can set as many as you like but I like to pick my favorite 5-6 for each time period.

I went with the extended plan. 

I bought 14 homes in a short period of time for gozone tax bene's those are the same as the benes that people search out for cost seg these days.. except they were much easier you did not need a cost seg report..

Put in offer, accepted Wooot. within inspection time period (Owner occupants) we went back and the electric was off and there was 3 inches of water in the basement.

Not sure what to do now, and i don't want to carry a loan for a long period of time. 

A lot of people will pay $1200/nt for 4 crappy budget motel 6 quality rooms at the All-Star resort rather than $175/nt for an 8br themed out mansion with a private pool, theater, and $30,000 arcade room.To answer your original question on investing over a long-term period, that is really this market's main strength. 

I probably wouldn’t mention your third point - it makes it sound like you expect them to hold this note forever and I’m not very certain, but I’m guessing there isn’t a huge market for $100k secondary notes.Have you considered asking them to finance 90-100% for a short period of time so you can rehab and refi at a higher valuation?

I agree they had communication issues during a transition period that we dealt with, but things have improved from last year. 

IMHOThere are more international students staying, I've seen it where I work (at a university), but many of the newcomers are not students and a country our size can't handle that many people in a relatively short period of time.