Or you can OO that SFR (assuming you go that route) and sell for a 121 exclusion in 2 years.

Some of them have the exclusive property manager and it was 35%.

@Ivan SmithI am not a CPA, always consult with one before making any financial decisions.If you are trying to sell in order to get the $250k/$500k home sale tax exclusion; you need to fully sell it. 

The authors believe this same rationale can apply to the Sec. 121 gain exclusion rules.Now, this does not completely settle the matter, but it does indicate that in some cases, the sale to an S-Corp is permissible.It appears that it comes down to intent.

1 Yes, you can use your capital losses from stock sales against the remaining capital gain.4 Yes, you could rent it for 3 years and still qualify for the gain exclusion.

They will have pulled an abstract report of title to review and they will issue any exclusions to coverage if there are any or they will identify items clouding title which need to be cleared to be insured.  

My plan would be to rent the whole 1st floor or 2nd floor (depending on house layout) exclusively as STRs. 

I know a lot of my friends (and me I guess but not exclusively) are trying the 0% down 0% interest approach where you focus on the "sale price" as the selling point to the seller.

Would have to compare the two to see exclusions as each carrier is different.

Alan Segal did a presentation at Black Diamond that included this issue, I don't know the legal details, so give him a ring, and tell him I suggested you call.If it were a short sale, it would be a big no-no, but it isn't, it's an REO.Third, the biggest issue, however, that I see, is that you may not be able to get title insurance without an exclusion for the previous owner.