Just sell as is, bag the gain (homeowners exclusion gain) may be buy something else that does not require a remodel.- Home is in a flood zone, in a primarily blue-collar neighborhood, so the eventual sale may still be low.My asks:Suppose I decide to go through with the plan:- I'm reaching out to construction companies.

Since purchase, I've spent about $50K on the house in repairs including the big recent remodel.My question is around the capital exclusion.

Oh, and an update-  the newspaper came out and when the guy was caught he was in possession of drugs with an intent to distribute.

However if you have owned and lived in that house for 2 out of the five years prior to the sale you will get the benefit of the primary residence exclusion of sec 121.  

From my experience, the amount ABOVE 15K is RE-PORTABLE as Gift Tax, but it is only for 'tacking purposes' in regards to the Lift Time Exclusion that is now in the area of about 10 million per person. 

I'm an agent in the area that works with investors almost exclusively. 

A separate bank account is recommended, it does not have to be business, it can be under your personal name but set it up to use exclusively for your house hacking transactions (rent, utilities, repairs, mortgage, taxes, insurance, etc). 

The issue I'm having is that realtors want me to sign an exclusivity agreement.

Hey BP- I wanted to get some feedback on a new business venture my company has started.My maintenance company just moved into the multifamily space after working exclusively in the commercial space for years.We have developed a pretty cool solution that could be a game changer for a lot of multifamily owner/operators out there. 

If you hold the property for 10 years the capital gain becomes a permanent exclusion from taxable income.