Thank you,TonyHi Tony, You qualify for the 121 Exclusion (Section 121 of the Internal Revenue Code) since you have owned and lived in your current house as your primary residence for at least 24 months out of the last 60 months (2 out of the last 5 years). 

Public adjuster:Public AdjusterJansen International is who we used and they were freaking fantastic!

And the IRS is aware of this and considers it legal.Some news articleshttp://www.forbes.com/sites/ashleaebeling/2012/01/20/the-serial-backdoor-roth-a-tax-free-retirement-kitty/http://online.wsj.com/article/SB10001424052702304072004577325551162426954.html"The Internal Revenue Service hasn't raised any red flags on backdoor Roths that are properly reported on form 8606.

How they are treated are contained in the Internal Revenue Code

I've split time working internationally and stateside on civic projects, as well as class A office buildings (towers).

ANNUAL INCOME: Adjusted gross income as defined for purposes of reporting under Internal Revenue Service (IRS) Form 1040 series for individual federal annual income tax purposes."

.- If you can build a relationship with a successful investor who specializes in whatever strategy you want, ask him if you can intern for him for 6 months.

On rentals where we are paying water, we generally prefer not to have external hose bibs, or that they exist behind a lock plate or can be shutoff internally from a controlled access location.

I am in the process of getting my real estate license and I am currently interning for an investment broker here in SD.

@Ali Boone your such a cheerleader for the home team ;) @James Bettauer Since you are planning to look internationally, you might want to have a glance at Central America (Costa Rica, Nicaragua) or South America (Argentina, Chile, {perhaps} Brazil or Peru {I have not evaluated these countries yet}).