If you were to stop renting out a portion of your home and live in the entire property for at least two out of the five years before the sale, you could potentially qualify for the full $250,000 tax-free limit.

Two options I see as a landlord 1) If lease has been violated, eviction notice could be sent. 2) Request a new lease be signed due to new terms (whatever I decide they may be) and then not approve the adult child to be added.Has anyone else dealt with a similar issue or have a recommendation?

How did you decide between the two?

In six months, you will have done more research than most on these two alternatives, and you will have your answer. 

You have to foreclose, which could take a year.Just a thought or two.

;-O For Pace Morby I saw that there was also a second level and a third level with much higher entry costs like $20,000 or something.

@Patricia C.When you're looking to purchase a third home but are already maxed out on your mortgage capacity, there are several strategies you might consider to improve your chances of getting approved for another mortgage.

But then find an investment model that feels comfortable (house-hacking is the quickest way to amass properties), find an agent that knows that model, look at homes, run numbers and pull the trigger.The quicker you buy the first one, the quicker you can buy the second and third and onward.

I maintain two rentals and the pool requires very little attention compared to other issues.

Personally, I would rather market the rental for another month or two before moving forward with the applicant.