IRS section 121 says in order exclude up to $250k gain, as singler filer, you must have owned and used the house as a principal residence at least two of the last five years prior to date of sale.

By Wisconsin Law we have to give a certain amount of notice prior to increasing rents on a month to month tenant. 

This make it very hard to get an idea of actual labor and rehab costs prior to closing a deal. 

My lender is requiring that my evidence of insurance show my name prior to closing. 

(after going back and forth with his wife they couldn't come to specific number)We set a time for this Saturday and I will be taking a look at both. i will run comps on both prior and will walk through and take pics and not any damageMy question so far is aside from gathering this information what else should I gather?

There were days when, quite literally, I would pull into the parking lot in the morning and then spend 20 minutes crying because I couldn't manage to see how that day was going to be any better than any day prior.  

It was disclosed when we purchased,we just didn't know the HOA had been using it for years prior.  

Prior to that, getting a loan at 8% wasn't horrible and in fact rates have been much higher than that.

They sent us before and after pictures prior to payment, so no need to baby sit them.  

Investing out of state is viable but make sure you educate yourself on the potential pitfalls prior.