I'm In the process of sending over all the paperwork for a new loan, is it normal that they require the ACH form so early in the application? 

They end up doing a joint venture and giving up 50% of their entire lifetime profits.

I would like to offer to buy your property so you dont have to manage and deal with the head ache of owning rental real estate, while still collecting a monthly check.

Tangential question with regards to capital gains tax - isn't there an exemption such that if you were to sell the property after converting it to a rental, but you had lived there as a primary resident within the former 2 years of ownership, you can shelter up to $250k (single filing) or $500k (married filing jointly) from capital gains?

Potential Options: 1) Purchase property with a residential loan (sole or joint).

Air-conditioning cold enough to make your fingers ache.

(This is how we will ask our tenant to write out rent checks as well, as they'll be deposited into our joint checking account)Thanks in advance.          

Question: Is full $250K cap gains exemption permitted (single, not married filing jointly), paying tax only on the additional $50K gain? 

They usually come in as roommates where I do the rentals under a joint lease.

Do you have joint or separate finances?