my mother in law called me a slum lord when I shared my real estate vision. 

Bringing the monthly payment down to ~$1650-$1700No plan to currently sell for at least the next 3-5 years, since my brother and father will be residing here.Property 3:Single Family Home (Snellville, GA 30078)Given to me by my father after my mother passed (Legally have not taken possession)Anticipated Rent $1500-$1700/MonthPurchased June 1995 for $100KCurrent Equity 100%Current Comps $150,000 to $180,000Anticipated Repairs $20,000 (Should be repaired by end of April)HOA $0My Questions:I know there is a capital gains exemption (250K or less if you're single, which I currently would be classified as) if you live in a property for two years.

My mother bought a 2 family house for 514K back in 2006. 

A friend of mine , his mothers gas hot water died .

I had a single mother who couldn't afford the daycare after her work hours at Mcdonalds were cut because she didn't have a car to get there and didn't always have someone to watch the kid.

My mother and uncle acquired a property from my grandmother via a quit claim deed.

It was built by my father who was self employed as retirement income for him and my mother, who was a stay-at-home mother and also assisted him in his business.

Necessity is the mother of invention, I wish I had done this sooner. 

My stepfather has done more as a landlord than my mother, and actually still owns a single family home that he is planning to sell as soon as the current tenant leaves as that particular property has been a bit of a nightmare for him.

I've got my mother's work ethic and the carpenter logical mindset of my father.