Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence?

Airbnb has been life changing for me and my husband, we have dealt with some real turds along the way, but overall we have had a really positive experience.  

You must of gave them great instructions and have decent systems in place.That is overall a net-positive.

I called my local banks as well some credit unions but they unfortunately only offer for primary and secondary homes.

I had a good paying position with a EV company that allowed me to build a good amount of reserves for investing.

But, I am simply referring to a scenario where the property has a positive monthly cash flow and I'm making the regularly scheduled amortized loan payments. 

Hey Harit, You will need a US based LLC/Corporation, Passport, Bank Statements showing POF, and verification of primary residence.

Trying to rent out a $1.4 million house is unlikely to cash flow positive as a long term rental - a lot of people in CA are doing mid-term or short-term rentals. 

If you're looking to learn more about the strategy and renovation process, you may want to take the approach of buying a primary residence that requires some repairs and doing as many of those repairs yourself while you continue to work your W-2.

Estate investment, what's my current primary residence in Knoxville, TN.