Everyone has agreed that the home should be given or granted to my gf since weve lived there with her mom for the last ten years.

Hey @Jacob Lockard, so I am not a fan of getting rid of properties, but in this case it seems like the way to go.You have lived in the place for 2 of the last 5 years I assume?

Started at 7 this morning and finished last coat at 3:30 . 

My husband's job requires us to stay near San Francisco, so we rented a place way above our means last year at $5k per month and looking to move out asap.I'm now looking at house hacking in Oakland where prices start around $550k.

The bank reneged on funding the last part of the loan which would have funded completion of our septic system/grease trap installation thus allowing us to open our on site bar/restaurant & expand the RV park. 

This is just one of the many reason property managers are great to have for your investments, I'm one so a little bias on this last part.  

The rule technically is "2 out of the last 5 years," so in theory you could live in it for 2 years, rent it out for another 2.5 years, and then when you sell you would still be covered under this same exception.I am very passionate about real estate and would be happy to answer any other questions you might have.

For the last couple years I have had losses on my tax returns from passive rental real estate activity.

My last purchase should have appraised closer to $140-145K, yet was $130K.

Hi all,I feel like maybe I’m over thinking this….Last year my wife and I bought a townhouse as an investment to rent out to tenants.