I've learned that you get a tax exemption for capital gains up to $500k for our joint return when you sell a primary residence.

I prefer to avoid any excess joints or fittings in the plumbing lines and would have recommended not adding the shutoffs unless you have access to them later.  

Seeking genuine guidance.Thanks!

Looking to align with wholesalers to help fill their training shortfall and Joint Venture the learning and earning...  

We file a 1065 that includes all our properties, and all the income flows through to our joint return via the K1. 

Learning to couple deal structure (subject-2s, lease options, wraps, owner financing, or a Joint Venture) into the solution scenario(s), while providing absolute transparency, and fully explaining the win / win to don't wanters will make them more accepting.  

Function stacking is a term I'm borrowing from the permaculture world where it means one thing can serve multiple purposes.This way while we are visiting the area, learning which neighborhoods we like, don't like, doing research, etc. we are also spending time in a place we genuinely want to spend time in anyway.   

The most common fractional ownership 1031 structures today are the Delaware Statutory Trust, or the joint Tenants in Common.

Interrogate them on the creative deals they have done: subject - 2 buys, vacation rentals, wraps, VA Vendee deals, Room 4 rent models, owner financed deals, Joint Venturing with owners to fix, and retail their homes for equity splits, and alike...  

Super networked agents have an incredible opportunity to step forward and create social fiber as well as build a professional "moat" around their real estate practice while at the same time building the potential to joint Venture (JV) into massive projects assuming they have built into themselves the right tools and competencies.