Hope you had a great thanksgiving holiday.

Primary residences fall under Section 121 of the tax code, which is the $500,000 tax free exclusion that you mentioned. 

You can choose your tenants ( hand pick them) discard any for any reason..2. when you sell you get the owner occ 250 or 500k exclusion..

I hope you enjoyed your Holiday season,I'm working a deal for a triplex, the unit cost 32.5k, needs 45k in repairs.

I'm in town for the holiday and plan on meeting him there to get fully paid and give him the keys.

I have literally spent all of my holiday weekend listening to podcasts, reading posts, and following links to other sites.

One in particular was excellent and I plan on working with him exclusively in the future.

Eviction isn't a good option, not if you want a pleasant holiday dinner.

Both the old loan and the new one are standard 30 year fixed residential investment mortgages, no FHA or anything else odd.I'm assuming because of the holiday the mortgage has not funded, so when my payment came due today, there it went out of my bank account.Does anyone know what happens in this situation?  

And Happy holidays to you and yours as well!