Primary residence, 2 years occupancy to be exempt from income/cap gain taxes.Primary residence can not be part of a 1031 exchange, on either side.A rehab, as opposed to rental property held for more than 1 year, is NOT eligible for a 1031.

Your own residence will qualify for the home sale exclusion.

I am a property manager around the Seattle area and one of the single family residences has been a duplex for some time.

Bad dogs, too many residents, disturbances with the neighbors, whatever.

., resident on the site.Raymond

So I guess that makes it a place that a 23 year-old wants to move away from...Trying to convince my 17 year-old son, albeit tounge-in-cheek, to go to Northern Arizona so that I have to move to Sedona to get him resident status!

Every year as you know the Mayo Clinic brings in 3,000-4,000 residents that stay for 3 to 4 years.

This is probably why the agent is suggesting you rip out a kitchen, so that it appears to be a single family residence again.Unless you're actually planning to convert it back to a SFR, I wouldn't do that.

I am still doing research but I think my next property (besides a primary residence for my growing family) will be a multifamily in a more landlord friendly state.

So, the comps we ran were of that of a residence.