You can put it on the market the day you buy it, and can exclude the gain from taxable income as long as you live in (and own it) 2 years and meet the other fine print.

Whatever amount of itemized deductions that is no longer deductible increases taxable income.

When you go to move a rental from the corp back to your name, it's a taxable transaction.

Only 25% of the profit is from the sale of your principal residence which can be excluded from capital gains taxes while the remaining 75% is a taxable capital gain from the sale of investment property.

So, if your MV is 1,000,000 then your AV (or "Taxable Value" if there are no exemptions) would be $60,000.

I think it is only taxable for you if you sell after living there less than two years.

Loan proceeds are not taxable income.

Also, watch out when taking a property 'subject-to' because many states consider this a transfer taxable event, so as the property goes into your name, or the name of a trust you decide to use, you may be liable for transfer tax - not a huge deal, but something to be aware of.

I believe that the excess amount is considered taxable. 

Since anything in there is technically non-taxable, do they allow depreciation to somehow lower your tax basis when you go to withdraw later on?