And am I prepared to handle that if it does?"

Because my spouse will only be able to claim the house as her primary residence for 12 months am I correct to understand that we don't pass the eligibility test for the full exclusion?

What are the investments required, am I obligated to use this system for every deal I find will this run congruent to other real estate deals? 

Am I so naive believing that all these purchasers are ACTUALLY occupying the homes, or is there something I'm missing about the requirements?

Some questions I have are, and this is an example and not real, if I buy a SFH for $100k that has an ARV is $200k, assuming i use $50k on renovations, is the remaining $50k my profit to move onto the next project with or am I getting this completely wrong. 

Am I missing some other new legislation, which would indeed make a double-close necessary?

Am I too old to get started?

Am I missing something obvious? 

Am I under an obligation to honor an agreement the previous owner made?

Am I still required to give a 60 day notice?