Pools seem to be exempt from a lot of 978, but, it seems pools already have the 10% of net worth requirement.

@Aroldo Villarreal  I agree with Jay that you need to season the note but you will want to do that with a servicer,  FCI, Allied Servicing etc, iso you can document pay history.Not sure of your math but with the 141 payments remaining at 9.2% and a 52k balance it looks like the payment should be closer to $604.64.Given the above you could probably sell the next 62 payments of $604.64 for $25,000 and keep rights to the back end payments.If you wan to pursue the above there are going to be a few obstacles:  1)  If the property is owner occupied you will have to be able to convince an informed note buyer that the note is either exempt from or compliant with Dodd Frank.  2)  a not buyer is going to want to know that the property is worth enough that in the event of foreclosure there is enough equity to cove the loan.

If he pays them by the time you go to court, he will get a one time exemption if he shows up, but if he doesn’t show you will get possession if you ask for it.

I would think it would be the same, the appraised value times the millage to get the taxable amount to be paid.The reason that the owner occupied homes have less tax is due to the exemptions that reduce the value of the appraised amount.

I lived in it and then converted it to a rental and need a professional opinion on whether I qualify for the military clause to be exempt from capital gains tax when I sell.

As far as capital gains, I will have an approx. 325K gain minus the 250K exemption since I have been in my house for 17 years.

@Mike Reynolds @Mohammad Haidarasl, the appraisal district incorporates homestead exemptions, vet benefits, etc into the assessed values but does not detail what they are or if any apply to the property, so the assessed values may be skewed.

VA loans are for owner occupants, so to get another one you would likely need to move or be re-stationed to get the exemption to get a 2nd va loan.

@Chad Coleman, the requirment for the primary residence exemption is that you have lived in the property you own for 2 out of the 5 years prior to selling it. 

Exemptions shall mean dwellings to which this chapter shall not apply.