Once you refinance the house or otherwise pay off the mortgage, you must apply fore restoration of your benefits.  

If this is a foreclosure sale then all participating bidders must play by the same rules... competitive bidding. 

I am currently in school for Real Estate and I must say I’m glad I went for it.

Currently they are the number on site for owners to visit when considering real estate options.I'm curious to know how everyone feels this will affect your business and model.

In the Northeast (US) an insurance company will surprise visit, to stop by, to check closets for electric heaters, from time to time.

I must be a hobby landlord. 

The attorney must think he can get some money out of the house or owner.Don't give up just yet.

It must be paid or they must be evicted immediately.

Similar if it has difficult to assess access/easments it may not get redeemed.Of the list of properties we had interest in when we started, we are down to 4 potential properties (5 if I count the one with the access/easement potential issue) that are not currently redeemed that after visiting we still have interest. 

However, the years 2012-2014 are a period of nonqualified use since the home was not principal residence during those yearsPeriod of nonqualified use3 yearsTotal ownership period6 yearsTotal gain($350,000 − $200,000)$150,000Nonexcludable gain(3/6 × $150,000)75,000You must report a $75,000 gain for non-qualified use.The remaining $75,000 ($150,000 − $75,000) of gain can be excluded under 500k exclusion because you meet the two-year ownership and use tests for the home and has not excluded another gain in the previous two years.