@Adam VendittiYou may have been better off staying in the house until the 2 year mark being eligible for section 121 exclusion.The tax on the excluded gain would prolly have been close to $10,000.With that said, if you sell for $310, you may expect 10% of the selling price to be gone with fees & expenses(seller agent fees, title work cost, transfer taxes, etc).

We finally were allowed to transfer our loans out.I know first hand I am not the only one who has run into this issue with this servicer.

IMPORTANT REMINDER: You must contact [email protected] to make any transfer official.

Moving into a duplex without a tenant might be a negative hit to your cash flow, but I'd guess that it would likely be net positive change for you overall (in terms of total net worth) once you consider the equity you're building instead of paying someone else rent (plus all the tax benefits and everything else that goes along with home ownership).If you absolutely couldn't financially handle not having a tenant for a few months, then maybe wait, but I'd be surprised if that were the case.

I came across an off market 2 family on a large lot near Boston that is a very good deal. My sister loves the property for its location and would live in the upper unit for a year or two since she likes the city life ...

Looking to sell and transfer both.

Most will also require at least 3 months of property ownership (seasoning) before you can refi with them. ?

But if i transfer them to LLCs, then i would have to transfer them back to personal name if most banks require it to refinance, increasing the costs of this process.

IE like TV showsall of these involve taking ownership before reselling and is legal in all states..

The LLC for the property is to keep the ownership from being in your personal name.