The limit for you is going to be half of the value ($8,500).  

I started out in computer science but soon grew tired of working in a cubicle for limited money.

Actually limited service is preferred today, selling room nights is much more a real estate play than running the business of meeting space/restaurants etc.  

There is an issue with titles, circumventing foreclosure laws and equity limits established requiring a judicial route.

The limitation of capital gains on a personal residence.

What's the time limit?

They had specific showing windows, so I believe the potential buyers are limited. 

But some markets are tough for newbies with limited capital.

I am now in the process of filing my 2014 return and due to the limited number of months that I rented the property (November/December), the number of deductions that I am able to take from the home purchase and a few repairs that I did prior to move in, my rental income is showing as -$3300 for 2014.

@Brian Burke Added some rate limiting for the background tasks of the chat.