I just completed a 80K HELOC with a local credit union.

I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.

As a reminder, the San Antonio City Council approved new STR rules (you can see my post regarding this here!). 

Purchase price: $320,000 Cash invested: $90,000We bought this property off market from a wholesaler what first started out as a partial renovation ended up being a full renovation.

My question is, do I qualify as having lived in the house for this time, to get around the 2 out of 5 years capital gains tax rule?

I bought a SFR with a completely built out In-law suite in the basement.

Certainly there are markets with more small multi-family properties and markets with less. 

The bigger quetsion is what can you get for rent on this?

I'm sure with your responses, I will generate more questions.Thank you for all the help!

While the market appears promising, it does seem to come with higher prices, rising HOA fees, and increased competition.