While the current lifetime exemption is approx $ 11.7M, this is set to be cut in half effective 1/1/26, and that reduction may further be accelerated if tax legislation gets passed.

If it's a basically functional and complete home, and you will have a bunch of equity, a cash out refi or HELOC would be significantly more cost effective (rates/fees) and easy (paperwork, back and forth, closing time, etc) than a renovation loan. 

What do you feel is a 'good' ratio of home owners to tenants, and how does this statistic really effect a certain area?

Can someone explain why this effected the US stock market as much as it did please

This can be way more cost effective than calling a smoke and fire restoration contractor that is used to just trying to max out the insurance. 

It's realativley easy to get started, low downpayment owner occupied loan, and it eliminates your single biggest monthly living expense: housing.

Here is a quote I heard from Hal Elrod “Your level of success will rarely exceed your level of personal development because success is something that you attract by the person you become”Here is my list of the top books that have made the greatest impact on me so far, and I would like to recommend:The Miracle Morning by Hal ElrodThe Book on Rental Property Investing by Brandon TurnerThe Book on Managing Rental Properties by Brandon and Heather TurnerRich Dad Poor Dad by Robert KiyosakiThe Compound Effect by Darren HardyBuy Rent Rehab Refinance Repeat by David GreeneMaxout your Life by Ed MylettThe Book on Tax Strategies by Amanda HanThe Five Love Languages by Gary ChapmanThe Ultimate Self-Directed IRA by Jeff AstorEnjoy, learn, and most importantly take action!!

•Banning ownership of your IRA of more then 10% of ANYTHINGoIf you wanted to own a rental house in your IRA, only the IRA itself could own it; you wouldn’t be able to use the statutory protection of an LLC.oNo more use of Land Trust or PPToNo more Checkbook IRAsoNo more Joint Ventures in which your IRA owns 10% of a deal or an entity•A proposed limit on Roth ConversionoOnly Pre-Tax traditional accounts may be converted to a Roth IRAoFor you business owners, this will effectively mean that only your Employee Elective deferrals ($19,500 in 2021) and Pre-Tax Employer matching will be eligible for Roth Conversions.

so its a net-0 effect? 

Primary strategy to negotiate with seller was to get them close to what they're asking while eliminating as much cash to close as I could.