Hey Tim, Under IRS Publication 523, as a military member on qualified extended duty, you benefit from an extension of the “2 out of 5 years” rule to “2 out of the last 10 years” for excluding capital gains on the sale of a primary residence.

He's also the developer and this is the first house in Phase II of this development.

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

So, I am just curious how other investors have managed to buy 2 rental properties in the same year in the building phase of their portfolio.Thanks!

If you have those, it doesn't really phase you.

I’m currently in the research phase for obtaining my first property, and I am looking to gain insight on market trends, investment strategies, and project management.

I also do not take any money from my rentals as I’m in the growth phase with a W2 and low personal expenses. 

I love home depot because i get military discount there!

This gross number is higher than my commission on the units they service, however it does not phase me. 

To fully illustrate this, there was a poster who was looking for 100% financing for construction in Philly but also wanted the lender to advance costs for the initial phases of construction.