The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

And if the seller asks, I just say that the deposit goes to the lawyer and sits in escrow till closing, you don't actually get it. ( which is true) Then when I find my buyer i send both contracts (AoS and assignment contract)to his lawyer and my buyer ponies up the deposit.

Contact a lawyer.

I've saved enough $ such that living off the rental income would be easy (once invested), and in the meantime, I don't spend much $ so this wouldn't effect my finances much.Essentially I was wondering how this might affect my ability to get a loan?

If building new, I would consider using 4" plumbing which would allow for effective use of the real low-flow toilets with 4" traps.

I am going to the borough building and I have already texted a real estate lawyer that can help.

In 20 years HOAs will be as dead as "seperate but equal".They are a joke, and only the lawyers are laughing.You are paying the full boat in property taxes, but the town or municipality gets'relieved' of providing the services they would be responsible for in 'real' subdivisions.It is an assinine scheme and benefits only the legal 'experts' that profit fromthe disfunction.

's post I have decided to get a lawyer recommendation from my local REI next week and then meeting with the lawyer to make sure I understand all the laws.

If they don't pay you for a few months how will that effect your finances and what are the laws of getting that person out of your home and the time frame it takes.

I would say that clearly need a lawyer on such matters.