Hold the property until you have rented it for 24 months and then sell to benefit from both.

In this case you might want to look at what LLCs in your state can do when it come to employee benefits.

Louisiana Representative Jim McCrery said the provision could hurt housing markets in coastal communities.Tightens QualificationThe realtors association told lawmakers in a letter last week that the vacation-home provision ``does not eliminate any tax benefit but rather tightens the requirement'' for qualifying for the exclusion from capital-gains taxation on the sale of a home.U.S. law generally allows married homeowners to exclude as much as $500,000 in profit on the sale of a second home, provided the owners have lived in it for at least two out of the previous five years.

Anyway great site and I hope to give and benefit as much as I can from and to it.

There are tax benefits.

They also pay for title insurance to benefit the lender.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller

You can post notes to our appraisers and our customer service staff.I hope this is informative regarding how a national appraisal company works, and some of the benefits it can provide.

I have learned more in depth in regards to double closing and the benefit of it.

The lender will see yet another reason they have to short it.So, while some lenders may not require it to be listed, it really should be for your benefit.