If you mean two year rule as in the section 121 exclusion, you need to LIVE in the home as your primary residence for 24 months of the past 5 years from the date of sale. 

Clean soils, no grade challenges, no power lines or utilities running through the property, no street improvements (curbs, gutters, sidewalks, new lanes, streetlights),etc.

In the past on a different property I've called the lender and confirmed it is okay to do this in order to not have a due on sale clause prior to quit claim deeding it into an LLC.I've heard sometimes the lender will say you must refinance into your LLC in order to quit claim deed it to not trigger the due on sale clause.

And as part of that sale any loan is paid off. 

Of course the agent wants this tenant to sign a month to month lease so they can still collect a sale commission as soon as they find a suitable home!

I'm guessing you are good with purchase, sale, 1031, or anything else? 

It's really a simple process of getting a state sales tax license and filling a business license with the city.

Until they have the contract signed, they dont have anything for sale.   

Purchase price: $260,000 Cash invested: $70,000 Sale price: $440,000 Triplex flip with a partner What made you interested in investing in this type of deal?

I’ve often struggled to describe the powerful combination of anxiety and elation of entrepreneurship but maybe I was not tapping into the right middle school memories, buried beneath braces and rejection.