I have many more concerns about this topic, but I don't want to hijack what others have to share.BTW, I have over 10 years of storm damage assessment experience with the highlight having been hired by the Department of Interior that oversees the National Historic Registry of Homes. 

Much of the change also bleeds over into international matters, the accounting treatment changes originated internationally, not just by the IRS.  

Anyone heard of using an investment property as a home share for international travel?

Every property manager has some run of the mill tasks that could be done by an unpaid intern.  

The unit that you live in will qualify as your primary residence and you will qualify for the $250,000/$500,000 tax free exclusion under Section 121 of the Internal Revenue Code ("121 Exclusion") as long as you can say that you have lived in the property for at least a total of 24 months out of the last 60 months (2 out of the last 5 years) at the date of any sale. 

ARV 7900048,000 Financed9.5 Interest @ 20 years440 P&I177.00 month taxes60 insurance1000.00 down500 Closing costsNeeds about 9000 in interior rehab (Flooring, full paint, Many holes in drywall, possibly new bathrooms (were extremely stained and dirty) In a decent area, built in the 70's, nice neighborhood near schools.

Nicole Benischek ,Last winter my parents purchased a buy and hold that needed some pretty major interior updates, complete kitchen and bath upgrades (4 of each).

I even sent an email to a department only to find out that it was an internal only email.

International Tax DodgersApple in Austin@Bob Bowling and @Arlen Chou.

Depends on how fancy your exterior doors, interior floor and trim are.