@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

If not then sale.  

In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.

I learned about them from a Rent to Retirement podcast where they interviewed a former W2 FT sales guy in tech (that's me today...) turn real estate investor.

Purchase price: $185,000 Cash invested: $5,000 Sale price: $220,000 Occupied by my in-laws.

By negotiating a significant discount, buyers can secure great deals while meeting the seller's urgent need to close the sale.

It's powerful software, and it will make running your business easier in the long run.

It has solar power, a compost toilet, and other things of that nature to be self-sustaining.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.