Purchase price: $55,000 We purchased over first house just before we got married in 2006.

Who’s getting married anymore ?

And you didn't ask, but don't buy properties in both of your names until you're married.

@Ryan Nguyen Did the 9 hour drive there for the inspection and drove back the same day with my wife (yes we are still married haha).

@Antonio CuccinielloIn the past I think I just didn’t think about building my wealth and making sure that i’ll be okay once soccer can’t pay the bills anymore.Being recently married and wanting to start a family really opened my eyes to putting my money in the right places for our future.

You can see what you need by looking at publication 523.If you sell a house you own that you have lived in for 2 out of the 5 years prior to sale then you can take the first $250K ($500K if married) in profit tax free.  

My girlfriend and I got married. 

@Jimil-Anne Linton I was in your shoes, I built up reserves, and my credit rating to 720, studied the same materials, I invested 36 years with the same woman still married.

Sell and take a tax-free capital gain assuming you actually lived there for two full years and you bought it late enough in the year to qualify - if you live there 2 of the past 5 years there's no capital gains up to 500k for married couple.2.

Anyway, any opinions or guidance could help Thanks -BelindaHi Belinda, assuming it's in foreclosure process and not previously foreclosed on (sent you a DM, I can double check it quick for you), then you're probably looking at having to refi, which in today's world isn't awesome with the rates, however, marry the property, don't marry the mortgage, meaning if you want to keep it as a rental, keep it, and if you get a loan eventually refinance that loan when rates come down.