It's currently zoned as Ag-exempt and taxes are $5K.

It is class B+, the existing tenants are very stable and medically oriented.

She wanted damages for pain and suffering and medical bills equal to about $50k.Long story short my property insurance company initially settled for $25k but at the last minute they said they are no longer paying the claim because in my contract with the contractor, I placed a line in that states," The Contractor agrees to indemnify and hold the Owner harmless from any claims or liability arising from the Contractor's work under this agreement".  

I am currently in medical school so we both have some kind of health background. 

I too am in the medical field and looking for a way to retire before I am 40.

But when it came time to come ashore the first thing we did was to buy a primary residence with the express thought to live in it while rehabbing and then after a bit move and turn it into a rental or sell and take the sec 121 primary residence exemption.  

Price $5MMDown 20% ($1 MM)Interest ~6% (which I inflated)30 yr fixed 8-year property tax exemption (already approved)3,390 sf of retail space150 underground parking spaces Monthly payment ~$24k It will be a brand new 5-story 163-unit apartment complex (the builder is the seller).

Based on the scenario you describe only the SFR that is owner occupied would be eligible for capital gains exemption.

Because the credit score will be lowered drastically by things that a landlord can (for the most part) ignore - Macy's CC, Sears CC, medical collections for example.But you don't get that type of report with the service you are using ...

The note can't be called due when transferring to a spouse because transfers to spouses are exempted in the law (exemption #6, I think).