If you rent out your current duplex for 1-2 years, the property will be considered "seasoned" so you can count a certain percentage of the rental income as income when applying for your second mortgage (plus whatever equity you have in the duplex).

This does not apply to trusts.  

It's been almost 30 so i'd think it wouldn't apply, am I wrong?

And with custom construction, you can maximize your building for solar energy and passive heating/cooling/lighting, plus any other features that apply to your situation.  

Trade schools or things of that nature are a very different story. 

If there are comparable use those rents and sale prices to determine the cap and apply it to the present rents in your property.

If you are the one looking to be a wholesaler the same applies to you.

.- I understand that the capital gain tax is applied to the profit that you make from selling the house.- I understand that you have to live in the property for 2 out of a five year period.* Does this mean I would have to hold the property for at least five years?

We hope it will appeal to nature lovers, those who need a writer's retreat, or possibly those who are in town for treatment at Houston's medical center.  

Then look at other areas nearby with good comps across the range of time and see the difference between the 30 month old comps and the current comps.Then apply that change to your 30 month comp.