If you need to do extensive improvements/renovations down the road you will also have some nice tax benefits.

Hey @Joy Kurutz,Given we are accountants, we cannot promote our services on BP as its against the rules.

That will give you more money to invest and earn returns.While you are saving up, then you can learn and make plans for what direction you want to take in real estate.Congrats on asking, and taking the steps to improve your situation.

.: Nothing inconsiderate about this as long as you are planning to follow through and actually buy some of these deals.If you've already dialed in your buy box then you're probably only sending them to properties that you are likely to write an offer on (the right location, the right condition, the right bedroom count, the right lot size, the right amount of bedrooms, etc).That makes sense, yes I have a pretty small buy box anyway so there's not a ton I'd need them to see - only about 50 match my criteria to begin with and that's before I rule out the ones where the numbers won't work 

This next purchase is our effort to break out of that practice and get into small MFHs while still enjoying the safety of new construction with an improved ROI.  

My jurisdiction has reasonable rules that I cannot charge more than the utilities cost and algorithm is to be fairish. 

I have a bit of background in the tech industry and I am asking for some ways to learn and improve my craft.

So, these smart-*** investors gave me a good "kick in the butt" - and I started investing my time on weekends, in the evenings, when there were no outside orders.By December 2019, the house was 80% complete, we moved in in May 2020, and I kept improving it until February 2021, when the kids got the second floor as their bedrooms and the basement as a gym for their workouts.The "dark side" of this process of living is here.

Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence?

The Judge rules that the notice should have been sent either to John Smith or Smith, John.