When purchasing your mother-in-law's house through seller financing, since the property qualifies as her primary residence, she should be able to exclude up to $250,000 of gains ($500,000 if married) from taxable income, so capital gains taxes are unlikely to be an issue given the sale price is below the tax basis.2.

Bad move for a lot of reasons. 

Even if I start with one property and work my way up from there, I’m certain I can be good at it.

I just got a renewal and the policy went up 67%, makes it hard to consider continued ownership of the property.

While vacation rentals aren't a huge drop in the home supply bucket, they're not nothing, and any reduction in home supply for primary residences will eventually push prices up.

As a direct short-term rehab style ender we lend to NEWBIES 100% of purchase & 100% of the rehab on 1-4 unit properties (in 18 states) up to 70% of the ARV.

Do you find that your listing inquiries pick up closer to the availability date?

I'm also thinking about a line of credit for that reason.

Is there any reason you might move?  

- NSS Lending LLC- Goldstream Capital Loan- Gap Funding partners - Tyrone Harris- AD Mortgage- FlipCo Financial not familiar with any of them.. just make sure not to pay money up front..