You estate will not include this in its evaluation so you avoid the estate taxes if you are over the exemption limit, currently $2MM.

Well, you were correct, you have to wait 2 years to claim the exemption again, And have lived in this one 2 of last 5 years.

Here is question for HML's out there- do you wait 3 business days after the GFE to close for a business loan to a business entity or is that loan exempt?

I justify 5% as settlement costs taking bulk properties which doesn't sound so bad as a discount for taking them all.Usually, there is a dog in the bunch too, I may discount that one heavily hitting on repairs and making it appear that I'm paying a better price on the others, as a compensating factor.Since they are landlords I always explain the tax hit they will take throwing back in depreciation just in case they forgot and then explaining the advantages of seller financing, as this is exempt from Dodd-Frank.Try to work in seller financing, on one or more properties, often you can get the whole package, but if they really need cash you can get your purchase money on one or more properties.

Is there a blanket exemption for members answering questions based on there own experience that nothing on here constitutes legal advice?

Funds in your account from more than 90 days, three months statements can be sufficient to show funds available for a purchase.If both of you are to occupy the residence you can rely on your credit for the most part, unless the other party is barred from a loan due to bankruptcy or in some cases a criminal record, but if it's just poor credit they may go on title but not the note, this is with them in residence.State laws as to homestead exemptions, being in title may be a concern trying to do it commercially or with non-owner occupants on title or on the loan.It would really be best just to visit your lender, you might consider FHA.

So it would appear your guy may well be a C-Corp & thus exempt.

If you own 4 or less units, there is an exemption, but if you look for more than 4 units that will apply to you.

Then fix any thing else as you have time, then rent it out after living there for a year.If you can really add significant value you should consider the tax exemption for owner occupied houses.

A transfer to a trust is exempt from due on sale violations since banks will view transfers to a trust as an estate planning tool.