But since this house is so old, would it be okay to go as far back in age as possible.

.…. financially NOW.You mentioned it is favourable to hold off as it is winter.

You mention it is a 15k sqft building.

Hi, As I’ve mentioned on a coupld of previous posts, I’m very interested in 1st position, performing mortgage notes....especially notes in Texas.

I called my Lender and mentioned I wanted to appeal the appraisal and they had me sent by email addresses of comps to justify my appeal, which I did right away. 

You’re educating yourself, which is AWESOME, and you’re way ahead of where a LOT of people are at your age.

My post was more along the lines of things that might not be so obvious other than 50% for expenses, and check mechanicals for serviceable age remaining.

Also, if you move in for last 2/3 years, the amount of time  that you rented is known as non-qualified period thus, entire gain can’t be shielded with sec 121 exclusion that you mentioned.

It's frustrating, you want to throw the baby out with the bath water after each failed deal only to realize that changing at every obstacle is also not wise.There are two things I already knew, but are worth mentioning.

Thanks for mentioning me @Jeffrey Bibby.