Any family member who is to live in the residence can also be excluded.

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

The aspect of the 20% limitation, the real costs of improvements are excluded and profits can be made at the 20% amount on materials and labor.

Excluding my high end rentals, my average purchase is about $40K, and average rent is $900.

So based on these metrics it would not be a good investment at all, however it would essentially be a few thousand a year in free money (excluding risk and effort).

More people appreciate the ban than people we end up excluding.

When you ask the seller to show you the comparables, the seller is very likely to only include those that support the asking price, and is likely to EXCLUDE those that DO NOT support the asking price.

I thought we couldn't exclude or limit children...

in Florida most homes are block with a slab floor and excluding land and soft costs can be built for around 50/sf.

To pay for the tax relief, the lawmakers approved rules making it harder for people to exclude as much as $500,000 in profit from capital-gains taxes on the sale of second homes.