Then, when you go to sell your wife's old primary and use the exclusion again (more than once in two years), the IRS algorithms will pick it up and you can almost bet you'll be getting correspondence/potential audit from the IRS.

Seems like the best bet would be to wholesale the property if there is enough meat left on the bones.

There was a really informative podcast with a guy from Rochester, NY that I am pretty sure runs a PM company and I would bet is an expert in that market. 

Hey Alicia,Here's a link on my web site to the state approved purchase contract and a couple of other forms, though section 9 makes it not ideal for wholesalers unless you attach an addendum with a clause about "and or/assigns."

@Mark Grigsby  yes this is what you sold.. good luck.. what happens when they have a miraculous recovery and live another 20 years your dollars are tied up.its betting on death.. and some kind of cringe on that..

Discuss those with your lender and I bet once the numbers are run you will see your options in a much clearer light.Good Luck to you.

Your best bet is to drive around looking for buildings undergoing renovation, then go inside and meet the contractors. 

I find this beyond annoying to contend with on a per web page basis, and intend to soon begin making 'contact lists' of potential buyers and sellers.

The link took you to a web page that had three different videos for you to watch.

if this is owner OCC then most folks won't loan on it for any reason. .because of dodd frank HELOC is best bet or credit union.