Using this bank account exclusively for the property will help you track income and expenses.

I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We live in CA and had purchased a condo in Jan 2005.

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

I would like to change my rental ad to include information about myself and my girlfriend but I don't want to violate any rules about exclusive advertisement.

However, we do not sign an exclusive agreement because we want the freedom to work with multiple realtors and agents just as they want the freedom to work with multiple buyers. 

Hi Account Closed - I take your point, but I don´t think it is such as exclusive club.

This should NOT be mutually exclusive.

It is located in an exclusive gated community with little to no single family home inventory left.

If the seller has listed the house with an agent they have an exclusive right to market the property with the owner.

If you're looking for larger buildings, there's another agent I can refer you to who works exclusively in med-large apartments.