The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

Gotta correct Josh... the vast majority of laminate floors do not use adhesive, and are not waterproof at all.

I know a major factor is that roof and finding out how extensive that damage is.

Age/condition of the major systems like the Roof, HVAC, electrical, plumbing?

For instance, Indianapolis is great for cash flow, but little potential for major appreciation.

I was a business major with a background in finance but ended up becoming a software engineer working for startups in San Francisco.The startup I work for has grown from 4 to almost 100 people which has made the hours more manageable and given me time to explore other entrepreneurial pursuits.I've saved up a small sum of cash to invest this year and I hope to learn a lot in my time here :)

No major losses.

This seems to be the major drawback for promoters wishing to advertise so I am sure people will start to provide these services for a fee2.

I'd rather pay a service so I control quality, but to each his own.But not paying a tenant his due sets a really bad precedent between the 2 of you, especially when the majority of the cash flows to you.

He owns a construction business but didn't pull permits on a major rehab?