., it operates as a business on it's own.

@Ryan Ness house hacking means buying your own primary home. 

Still learning the ropes here so mostly looking for any general pointers on the challenges investing in a different market than where you physically are comes with its own challenges.

Purchase price: $108,000 Sale price: $405,000 Owned for 12 years, 1031 exchanged

I approached the lady that owns the well and she said that was fine verbally.

You can build your own direct mail lists.

But I want to own a property near beach and love imperial beach as its still affordable.

@Phil SheltonI owned triplexes in Queens, looked into it, and found it totally senseless for a number of reasons.I had a boiler and hot water tank for each building.

I'm not sure where to start with private money or hard money lending when it comes to covering rehab costs on a rental property that we already own.

For those curious, if this applies to them, just follow these general principals: To qualify for the Section 121 exclusion you must: Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion