We're selling the property for $350,000Yes, as long as you have owned and lived in the property as your primary residence for at least two out of the last five years, you should qualify for the capital gains tax exemption of up to $500,000 for married couples filing jointly.

So if she does the min of 750 hours and materially participates, all in 2024, she could potentially qualify?

I'll pick two markets at random that I lived in - St.

Call previous landlords... including two back (the current landlord may be incentivized to lie to get rid of a bad tenant).

So now, i am considering selling it and paying off the majority of my first rental (I owe about $255k so i could payoff a big chunk and pay off the rest with added payments over a year or two), or put the money into stocks and grow it from there.

This perspective is quite common in the MF sector, especially where sales comparisons are largely based on the asset's condition and financial performance (NOI which leads to a cap rate).When comparing two properties with similar capital expenditure needs, the industry standard is to evaluate them based on a cap rate.

To secure the VA loan you need w-2 income in same line of work, as it will take two tax cycles to show self employed net income. 

Then we will go to the next project for another 15 to 20 mins where we are doing a full remodel on the home for a rental home and permits in process for a new construction ADU, and then we will end in at the 3rd project also a new construction ADU.

A mortgage broker with knowledge in VA loans is someone you should think about working with.Seek for livable properties that have two to three units.

Pick the Nastier of the two properties.