For those curious, if this applies to them, just follow these general principals: To qualify for the Section 121 exclusion you must: Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I decided at the start of 2023 to begin my REI journey. I have 3 SFH so far. Mainly I work in the Macon, Griffin, Newnan Georgia areas. 2 were BRRR, and the third was my Primary I have converted to a rental. Now I am ...

Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.

I was thinking this could be a good strategy to scale and keep costs managable. 

However, it's common practice for the seller to cover this cost.

We want to ensure our guests have a great experience without going overboard on costs.

I am looking at this property12906 venice blvd 90066price is $1495000As you can see in the listing, they claim this property is rented at $10,000 a month$120,000 / 1495000 = 8%any idiot (even me) knows in Los Angeles you would be lucky to get a cap rate of 4%what's going on here?

But there was a point last month where I had some guests spill a drink or something because she had to drain the tub.

As an audit manageer in a big 4 firm, you likely have 4-5 months in the year where you have to dedicate a lot of hours to work.