The IRS section 121 allows you to move out and rent your house for Up To 3 years, After you have lived in it for at least 2 years (hence the “2 out of the last 5 years) and be exempt from any capital gains tax.  

My email is my first name and last name with a period in between @oxfordhouse.org

Technically, according to my calculator, it does cash flow when I account for the upgrades prior to purchase (which is why I purchased the property), but during the last 6 months of ownership, in my P&L, I am not making any cash flow.

I have been private lending since last years on deals mainly in Orlando, FL area.

Is it necessary to request recent 3-month paystub, bank statement, or last year's w2 form? 

Hey @Arn Cenedella, I missed you last night.

To illustrate my point, let's look at the last major crash in housing prices.

@Miguel Del RealI’ve bought my last 26 houses without a realtor.

You would want to be looking in the Adirondacks, ideally on a lake, and near a ski resort, to capitalize on every season as much as possible.This brings me to my last point.

I’ve been investing locally in residential properties over the last 25 yrs and I have 100 doors .