Saw this over at MMM and thought this would be of interest to any live-in flippers expecting to have their capital gains shielded from taxation when they sell...It seems the House tax plan would redefine "principal residence" as a place one has lived in for 5 of the past 8 years rather than 2 of the past 5:SEC. 1402.

In most cases you would need to evict all residents, parents and daughter.

I have a few houses for sale that would make great primary residences. 

The information came directly from a bank (not sure what the role of the banker was).I'm very skeptical, given the prominent use of "primary residence" all over the rules I've seen--though I can imagine some smaller banks that don't sell off their loans might be willing to allow it.Does anyone have any solid experience/evidence on one side or the other?

The alarm code is not given out, to protect to resident.

I took out a HELOC against my primary residence to pay for an investment property as well as the upgrades and it functions like a credit card.

I do have a LOC but it is attached to my own personal residence. 

Currently in Sacramento researching neighborhoods for my SF residence in suburbs in the south.  

I have a couple land contracts and a mortgage on my primary residence.

They were our owner-occupied residences, that we'd lived in more than 2 years, so the capital gains were excluded.