Topic No. 409 covers general capital gain and loss information.Qualifying for the ExclusionIn general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test.

Then, upon re-appraisal, the bank loans you 75% LTV and like magic you get all of your cash back out to "repeat".In my Denver market, competition for fix and flips is so intense, investors bid them up to about 85% of ARV.

They have to juice returns some way and makeup returns for the volume low rents and intensive type tenants.  

I actually work for LandAcademy and they were the ones who told me about the differences in the data sites and I had to test it my self of course.

This deal has passed the 1% rent to value ratio test with my offer.

There are defense mechanisms that can mitigate the impact of a downturn, not the least of which is positive cash flow that is stress-tested for adverse conditions. 

Usually require a lead test and home inspection to make sure everything is working and in living condition.

The more time you let pass the more you forget the details. if you have a span of time (2 weeks +) between your class ending and taking the exam, suggest you either do a online review or a test course prep.  

First post here on Bigger Pockets, have been reading financial literacy books, and investment strategy books for the past 6-7 months intensely.

("Play stupid games, win stupid prizes" is a military saying derived from, for example, popping a drug test a month from an honorable discharge after 3 years and 11 months of doing what you're supposed to do)