Technically these are townhomes, so technically two, but it looks like a standard duplex from the outside.

So I am technically within the 5 year selling window and shouldn't have to pay capital gains taxes if I sell the home (unless I'm misunderstanding the law Taxpayer Relief Act of 1997). 

This is something I always ask for prior to putting in offers even though technically the listing agent doesn't have to provide it until you are under contract.

It technically is a business so I like to treat it as such, but you're not required to, as far as I know.....

@James Dandiu, It sounds like you were getting hyper-technical and very detailed in your response to each item on the inspection report.

Keep in mind, when it comes to interviewing brokerages, you're technically the one taking point.

The down payment is not technically a closing cost although it is paid at closing. 

That's a big deal, and ironically a lot of real estate people can't do it when they start out because they are technically self-employed. 

Assuming a Fannie/Freddie loan - technically, you cannot assume a Fannie/Freddie loan.  

@J ScottGood point, but I pretty much disregard this "technicality" on practicality...S-Corp election does allow you to save on the employer side of self employment (not FICA which is technically the employee side that you see on a paycheck onlyi) above a reasonable salary.