If you sell and generate a gain of $300kOnly $150k would be excludable under the 121 exclusion, the other $150k as dave said would be qualifying for a 1031 exchange the same as any rental property would

Through careful planning and implementation you can find options that are both cost effective and efficient.The list below reveals several marketing ideas that will help you generate reliable real estate deals:Direct MailFacebookOther Real Estate ProfessionalsDriving For DollarsCraigslistTown HallBandit SignsReal Estate WebsitesNewspaper AdsCheck The MLSUse The RadioAll the best!

Hello I made a recompilation from this forum about skip tracing tools:BatchLeads.  Reiskip.  Popstream. Propelio.  Invelo. Bestskoptracer. Listsource Flippster. VA4rei. foreclosure.com and SkipFastAny feed back on the...

With that said, real estate is widely recognized as one of the best vehicles to generate wealth.  

Two places to start beyond referrals generated by the BP community...1.

First property I have been able to purchase and renovate with all cash generated from cash out refinances on previous properties.

And how it impacts a taxpayer’s ability to use the losses generated by cost seq and bonus depreciation.

Right now I'm assembling a mailing list to start generating leads, and I'm wondering if I should automatically filter those out.

These homes may not be as luxurious or desirable as more expensive properties but they offer an opportunity to generate positive cash flow from rental income while providing a place for people to call home.

Not a bad thought, couple of questions to keep in mind through.What kinds of income do you thing your current primary residence would generate as a single unit vs multiple?