Effectively, it's like making extra payments on a mortgage, except you can then pull the money back out when, say, a credit card comes due.

There's really more to it than that, but it would take 10-15 minutes worth of talking to fully explain, which is a little too much for a forum post.The sale or exchange of the dwelling unit requirement that you're reading in both the majority and the dissent of Gates is in effect an anti-abuse rule to prevent someone from engaging in behavior such as: buying land, putting a mobile home on it, then moving the mobile home to a new lot and selling the old lot every couple of years while utilizing the Sec 121 exclusion on each lot sold. 

OMG- I am overwhelmed with the incredible and fast responses! 

Hello,I have recently rented my townhome, which i was living in and had home owners insurance, for obvious reasons i would like to get Landlords insurance but was wondering how the mortgage company would take it, i ha...

Not doing that has the same effect as not having one. 

If you are remote, Oakland gives you a lot of inventory with great lifestyle (food, accessibility, etc) and a bette price, but the schools are lackluster (although changing).We did the live-above-tenants thing for a year, and enjoyed it because our tenants were incredible but candidly were ready to move. 

I see the incredible value in this property and can't imagine any business not thriving there once it becomes more developed.Thank you for taking the time to read this and any comments or insights are most welcome. 

I have thought of offering cash for keys, but think they would accuse me of bribery or something to that effect, even though that is common and legal if it is agreed upon between parties to my knowledge. 

I think it’s safe to say though that with the way the foundation repairs have gone, it really won’t have much of an effect on the home shifting and we can now begin to tackle the upstairs units.   

If you are looking to invest into real estate, I have found this site to be incredibly helpful.