The capital gain is exempt up to 250 from the cost basis wherever it stands provided you can prove you lived there if challenged 2 in the last 5.  

I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.

They might fear for their safety or the auctioneer might think of fleeing with it.....unlikely...but possibleI’m just telling you how I’ve done it the last 7 years.

You need to find out from the city exactly what last inspections are still pending.

Over the last 10 years doing 100s and 100s of deals there, I have never had and appraisal done.

my BPPro account was renewed last month, anybody else having issues linking back up to rentredi?

I was introduced to the bigger pockets podcast by my friend last year.

Another component for me to keep in mind is that I have a STR permit on my house and last year, I started renting it out over the summer when I traveled.

Last year was, in my opinion, not a once in 100 year occurrence.  

However, they do not offer great asset protection, can can costly and timely to establish, and lastly financing and managing can also be more difficult.