I should note that my primary goal is to hold rental units for their cash flow.  

But you explanation is very muddled.

Especially if it will be your primary residence.  

A single person can exclude $250,000 of profit of the sale of a primary residence from income.  

My wife and I are moving to Wilmington the end of this month and were looking for both a primary and a rental unit.

That is one of the best written explanation on wholesaling.

It includes a whole other 'house' right behind the primary property which has two other units.

I have searched the previously posted capital gain post and could not find a straight answer.I'm inquiring upon the 2 to 5 year (long-term capital gains) window that you have to be a primary homeowner to exclude or discount capital gain tax.- I understand that the capital gain tax is applied to the profit that you make from selling the house.- I understand that you have to live in the property for 2 out of a five year period.* Does this mean I would have to hold the property for at least five years?

Hello,As these homes are not your primary residences, traditional lenders will not offer HELOC's.

When I was 25 I bought my first primary residence which was a small 2 bedroom condo in the northwest suburbs of Chicago, then once I moved out, I turned it into a rental.