I was originally only going to carry for 2 1/2 yrs because I thought I could avoid capital gains tax if I was cashed out in under 3 since this was my residence.

Quick question -If an investment property (in this case a fourplex) is purchased by an LLC consisting of 3 people and one of those people lives in one of the units for two years, can the LLC then avoid paying capital gains tax upon sale since one of the agents of the LLC has satisfied the 2 year primary residence requirement by the IRS?

They have avoided any contact from us for a return of our money.

I want to make this easy as possible and am trying to avoid assigning, double close, etc.

Your best bet to avoid procuring cause disputes is to be upfront and say you are working with another agent.

Educating the client is the most important aspect of repairing their credit.

Its my understanding that they are going to foreclose on the house if they dont sell it anyways.. so they might as well save their credit and avoid filing bankruptcy. ( I have no idea what im talking about so someone please tell me if im right:)

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What aspect of short selling?

I'm thinking of staying the 2 years to avoid the capital gains tax and also, because its my first, to give me time to make mistakes.