Finally (after 7 years of reading books, research, podcasts etc) jumped off the cliff and bought a major fixer upper for very little money.

(online search shows range from $4.95 excl tax (so $80pa!)

Its actually one of my dreams to own a hotet/casino/nightclub in vegas so I'm following this although it does sound pretty far off. when you say you need money for the DP are you asking for like...all of it...or 50/50

Before that it was primary residence since January 2019.Do I need to sell it this October to avoid capital gains tax to qualify for 2 of last 5 years exemption for capital gains (up to 250K single, 500K married filing jointly)?

>Yes, for investors who want RE speculation with little to no current tax sheltered cash flow your model would be preferredwhy do you say it has no tax sheltered cash flow?  

Very few mortgages last 30 years before they are paid off or refinanced. 5-7 years is the average life of a mortgage right now, and 10 years isnt unrealistic.

Also, there are optional coverages that you can take off to lower the premium!

You also get mortgage pay down and tax benefits.Beyond that, you're not seeing the long term.

You may have a property that is paid off.  

After a bit more research, I found out this Rentlinx wanna-be knock-off is owned by an OpenDoor Agent.