Gain on the nonqualified use are not excludable under that 500k exclusion.Simple exampleYou bought a rental home on January 1, 2012, for $200,000.

I wasted hours and hours showing my house to kids that couldn't reach the railings, nervous parents carrying their kids up and down the steep stairs.I found myself trying to convey this fact without excluding anyone or discriminating.   

If you have inexpensive properties there (Up to $25,000), please, e-mail me the list.Zip codes to EXCLUDE:35221, 35224, 35211, 35218, 35212, 35207, 35217. and 35205 if it's west to Hwy 65.

If it was your primary residence 2 of the last 5 years, you can exclude 250k (or 500k married) from capital gains.

The capital gain exclusion only applies to the time the property was your primary residence, so 9% of your capital gain due to appreciation will be allocated to primary residence use and the rest will be allocated to investment property use.This means that $675 ($7500 x 9%) can be excluded from capital gains (well within the $187.5K exclusion limit you calculated).  

This does not exclude the resident from future obligations to pay the costs needed to repair the property.

They should provide swift, data-based answers and be willing to walk you through the real ROI math - not just the simplified website math that often excludes key expenses like vacancy and maintenance.

Here's a good article on insurance policies...in some regions where there is a proclivity to certain risks, the coverage may be limited or excluded altogether:  http://homeownersinsuranceguide.flash.org/knowyour...The bottom-line is that one would have to check exclusions in their particular market.  

If both were insured on the same policy, the policy wouldn't cover either of them as most policies exclude liability coverage for those insured under the same policy. 

My Addressable Market (excluding bank owned REO and courthouse acquisitions) was defined roughly as: single family (type & use and land class fields) residential, built before 1978 (year built field), held by owner for 10 years or more (pkg date field) with assessed value under $125K (bldg AV and land AV fields), with out of town owners (owner city field and physical city field).