I'd need to know more information to determine myself if I were assisting you (hypothetically, of course, since we aren't allowed to advertise our services through this medium), but from the surface level it does sound like you do qualify for the 121 exclusion.

We were trying to get a conventional loan through Guild Mortgage, but yesterday I received the email that we didn't qualify due to the PMI they quoted us being an extra $2000 per month.

A house lift and new foundation is required and was quoted at ~170k plumbed & wired, but not finished.All that said, I appreciate you walking me through the numbers, I wasn't sure how to apply these equations to our situation.

. * It's mind-boggling that after what we've been through in the housing market since 2008, that California would consider a bill that sends the message, "We don't want to develop, rehabilitate, or improve our housing stock

I live in MN and own a rental in CO and Travelers insured me through a CO agent.

To protect all parties, monies are run through the escrow/title company and remain there until the deal is done. 

Hey Sam,Regarding the housekeeping and maintenance of STR apartments I've recently been using certified cleaners through Turno.

Fast forward through some vital life experience, I’m back on BP with a desire to jump back into my goal of having a cash-flowing rental portfolio that can help support me.

I just couldn't sit idly by and watch someone try to manage getting a contract negotiated, signed, and moved through to closing when it was obvious they weren't sure what they were doing most of the time.Instead we offer a 1% full service listing (it's flat fee in that we don't tack on anything else - no technology fees, no transaction coordination fees, no marketing fees, etc) - we're just 100% virtual.

If you are raising the rent I'd make sure its cut and dry and is at the end of their lease term, I wouldn't trust that notarization tid bit you got from someone else, if the lease is signed and executed its likely valid through the full term.