Under certain situations ("special circumstances") you can get around the 1-year rule, but you must have had the intention of living there for 1-year when the property was purchased.Unless it's clear that you have a special circumstance where you have to move after 90 days, I would recommend speaking with a good real estate attorney before deciding to sell.All that said, when you sell, the proceeds from the sale are generally used to pay off the loan -- if the sale proceeds don't cover the full loan amount, you'll need to provide the difference out-of-pocket.

Both are highly regulated, and there are special rules for lead-based paint in residential buildings.

What areas of tax and accounting do you specialize in?

I have found that most are leery due to the HOA and special assessments.

I have also known lots of condo projects to not have had a special assessment in over 20 yrs.Condos prices are also more depressed in price right now than SFR's or units b/c of the financing issues associated with them.

Maybe somebody that specializes in these products?

My wife and I are learning and preparing for real estate investing.

Now, let's say that the average house of comparable size in that neighborhood, in decent condition but nothing special, is going for around $125k.

Zachary, you've got a special situation there in ND.

It's a speciality trade and is not very interchangeable with drywall repair tradesmen.Best of luck and be sure to post any details and quotes you receive on this post.