@Evan ScottThis is a calculator to estimate your taxhttp://www.moneychimp.com/features/capgain.htmThis is what the IRS saysIn general, to qualify for the exclusion, you must meet both the ownership test and the use test.

@Ben Ley@Ben Leybovich undefinedYour course is great value, and I would wager every licensed agent with a minimum of 5 years seasoning and reasonable production (say 100 transactions) would fail a simple test of its principles.Ben I think you should raise your price to $495.I tell any multi investor they need Ben's course to enjoy faster success.I HAVE NO COMPENSATION DUE TO THIS COMMENT.

Agree the smell and look test is best.

Again, this is base on fairly accurate numbers.

I will definitely put granite in the kitchen and maybe tile the tubs.This is a nearby sale (with very ugly photos) with the same floorplan from last year, before the prices started really zooming up in the area.Nearby cloneHere are my numbers if anyone is interested:Purchase price: $114,000 (no closing costs or financing; acquired as a sub-to)Estimated fixes: $20,000 (I think this is pretty accurate, as we just had it inspected for the sale)Holding/selling costs: $10,000ARV: About $160KI know it's tight, but I'm new at this.

Should I start applying before I take my test?

While OpenDoor will not replace wholesalers, they will make tight markets even tighter - especially in non-disclosure states where accurate comp data is difficult and expensive to obtain - and skinner margins even thinner. 

He was 100% accurate in that.

I just bought a condo and was able to rent it out immediately.The previous owner did a lot of upgrades to the condo and left their very nice stainless steel refrigerator and wine fridge.They also left a gas BBQ grill in the backyard which I didn't test to see if it's still functional.My new tenant moved in yesterday and texted me to ask me to move the BBQ.

Don't ever trust the seller to give you accurate numbers.