Median individual income is 25K a year, and the median rent is $1200/mo.

Quote from @Sheri Fluellen: I have been with them for 8+ years.  

On August 8, 2024 they will be in breech of contract for a year now. 

You need two years of steady income before you can qualify for a loan.

If they qualify as tenants, you might need to honor tenant rights or negotiate a settlement to vacate.Market Potential: A two-family home and a single-family unit could be a great income-generating property post-rehab or resolution.

Buy a new property, rent it out for a year and then move in for 19 years as your primary. it’s 95% tax free (19/20ths) it doesn’t matter you passed the 2 of 5 years rule  2) if there’s any rental activity before the 5 year look back period, it’s pro-rated.

Quote from @Argel Algura: Hey Bigger Pockets Community,A year ago I wrote about rebuilding and starting over in life and considering real estate investing as a path (see post here: "Bad credit, minimal cash and starting over in life . . .

Once you have lived in it for 2 out of the 5 years prior to selling it you can take the first $250K of gain ($500K if married) tax free.And you can do this once every 2 years. 

I have worked with a number of great CPAs over the years and would be more than happy to provide you with recommendations if you'd like?

It was cash flowing $25 that first year, but it was $400 by the time I sold it eight years later.