(SF resident hear)

My primary residence was purchased after a run-off type auction, wherein multiple bidders were asked to make their highest offer after all offers were submitted.

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.