Today, because of inflation, a $250,000 or $500,000 gains of much more than $250,000 or $500,000 are not uncommon, so many people go over, especially in higher-priced markets.”Take the Tests to See if You Qualify for ExclusionsTo qualify for the exclusions, you must satisfy tests that you’ve lived in your house for at least two of the last five years and have owned it for at least two of the last five years, says Jack McGuff IV, owner of McGuff Financial, based in Pearland, Texas.

I point out that even if the building didn't need much work in the last 20 years,  many systems (roofs, water heaters, paint, windows,  and may other things) were clearly wearing out and may not last much longer and to avoid unpredictable expenses a proactive approach was necessary to start upgrading)I then followed up with individual conversations with residents which helped me to understand their finances a bit and hopefully understand their ability to pay and what assistance program(s) they may already be getting or be eligible for.   

All my deals are purchased thru brokers we've worked with over the last 10 years.

I can also confirm that this park was last purchased for u see 200k 6 years ago.also to clarify.

You will have to be careful with some stories because times were very different over the last decade.

Too many owners being over-leveraged is what lead to massive foreclosures in the last big downturn 2008-2010.

Most were updated in the last few years.

However, after speaking with the tenant in person last week, I emphasized the quiet hours according to the lease and also mentioned the maximum days an occupant can stay overnight.

I purchased my first long term long distance rental last year in a solid B neighborhood in Memphis with a tenant in place.

Last year we closed 500k in assignments.Karolyn and her partner throw a monthly meet up in Dallas TX if anyone is in the area send me a msg!