What was the outcome?

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.

Second property purchase price was 275k (so added some other funds to make up the total figure), and potentially looking to sell around 315k.

What was the outcome?

If the mushrooms are still visible and you aren't comfortable living there due to it potentially being unsafe I recommend contacting code enforcement: https://www.atlantapd.org/about-apd/divisions/chief-administ...

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

Needless to say I was not happy with the final outcome.

Check out the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.com

My book does go into detail on these as they are the biggest potential issues.  2)  The seller changes their mind before you purchase -  my book goes into detail on this but it is important you file what is called a memorandum of lease option - so they can't sell it to anyone else or refinance it to pull out their equity. 

I am actually looking at potential house hacks in my area but I guess I’m kind of picky that if I did go that route I would eventually want it to be my family home in the future so I wouldn’t just pick any house to do that.