This is NOT part of your capital gains exclusion, you DO owe this tax. 

You said "we" so you could save up to $500k in taxes (2/5 year exclusion).

@Dean Ng@Jeff S. explained it well ... as usual.I’ve been private lending in SoCal for 13 years now, almost exclusively to SFR flippers … never lost a penny.

Like "exclusive agency" where no commission is being offered by the listing broker..

For example, one of my clients is selling his rental home this year because its the last year he can still avoid capital gains on the home as it will be the last year he still qualifies for the 121 Home Sale Exclusion. 

Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.

Deciding factor would be to compare RC/ACV, Coinsurance, exclusion, etc and if it is inline with your risk tolerance.

Hey Shola, I have been a licensed real estate agent in Texas for about 5 years and have worked exclusively with investors in the North Texas area for the past three years.

I agree that you'd want to take advantage of the Sec. 121 exclusion if you're able as that can be of great benefit to you to offset some of that gain.

Dedicate one checking account and credit card exclusively to real estate.