Thanks so much for the reply and the helpful insight!

Look forward to the insight everyone has to offer.

Any insight is welcomed!!

If you sell your house, you are looking at paying Capital Gains TAX.

Also I am looking at Conway SC as a potential market so if anyone has any insight on the area it would be appreciated.Cheers

I'm pretty sure its the same nationwide but you should check with your insurance company to be certain.I can provide you with more insight.  

I did a SFR flip there in 2015 and made a really good returnThey've been discussin LA River revitalization for 30+ years but it seems to be gaining steam, local gov is on board, and they've been approved some funding from the fed

I had been thinking about moving into it for 18 months (avoiding capital gains) - and selling my other home, anyway - while I finished up landscaping and such.The market where I live is schizophrenic (prices are all over the map) - and I'm not impressed with the small pool of realtors that work in up here (northern (like two minutes from Canada) New York) .

welcome @Timothy WadsworthBP is a great place to network and gain knowledge.

If one decides to reside in one of the units for 2 years prior to selling will the $500k exclusion take place and gains taxation would only be imposed on a selling price of $600k or higher?