According to the tax code, in order to qualify for the capitol gains exemption ($500k married) you must pass the "ownership test" of owning the property for 2 years and pass the "use test" of living in the property for 2 years.

The real answer is in testing.

Some of the green/energy efficient features include:-No VOC paint-Renewably sourced carpet-Hypoallergenic and ecofriendly insulation -Comprehensive foam insulation and sealing-EnergyStar windows-EnergyStar appliances-LED/CFL and energy saving light fixtures-WaterSense Faucets with aerators-Insulated plumbing-High-efficiency dual flush toilets-Nest thermostatWe will be conducting a second blower door test tomorrow to see exactly how much our end buyer will be saving in monthly utility bills as compared to the original house and the surrounding homes.

After some test marketing in Riverside and LA County, I decided to back off and focus on my main farms and some newer ones closer to home.

There are so many permutations of how it can be set up, many options simply haven't yet been tested.

For example I've bought in Rosamond, CA and Dayton, OH, because the odds the AF will close down their major test base and their major acquisition hub are close to nil, but I'm really weighing my decision at the next base I'm slotted to go to, in Albuquerque, because that bases primary roles are directed energy (which is slowly being decommissioned), special operations, and the nuclear mission, of which neither of the latter two "Have" to be in ABQ, in fact, Spec Ops can easily move to Florida, and Nuclear could easily move to a number of other places.

If it's a pre-1978 house, you'll want to consider testing the paint for lead before sanding it.

Kyle,You re correct, the 2% rule is very tough to apply to NJ Real estate with our property taxes beng what they are, and as a result is not a good litmis test in my opinion.Look like you have strong rents with potential for even more once you get done making modifications to the building.Chris

My goal is to effectively work as many leads as possible and will be testing my CRM, phone dialogue and negotiation.

Do they test the soil?