Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

Don't know what their success is, but I see 3 places all lined up in Denison near downtown. 

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

The house has been on the market for many months..."

Baffling what "paperwork" they think they need to be on.

They will just wait for you to cancel the contract and offer on the listing themselves. 

Try to dispassionately evaluate every opportunity with a goal of maximizing after-tax returns net of risk in line with your own goals and tolerances.  

These people are counting on you.

@Jon LaGuardia could you please share more info on the course?