Michael Siekerka - not sure where you're coming from on this, we hold a ton of conventional financed properties in two LLCs, one of which is almost exclusively multi-family.Dennis Nemitz - everyone is going to have a different opinion but if you intend to grow, I would do an LLC up front.

Hi BP community, My husband and I will be selling our California home early next year and are expecting to have capital gains above and beyond the 121 Exclusion of $500K.1.

And he made me sign an exclusive right to represent in ALL transactions through mid December -- even if he does absolutely no work in bringing the deal, researching the deal, coordinating the deal, or apparently even answering his phone.  -- Update.

This way, you'd have the tenant paying down the mortgage (assuming no large capex expenses) and then you can sell within the period of the capital gains exclusion (primary residence two out of the last five years). 

They are not mutually exclusive 2.

I use online resources almost exclusively combined with mail requests to various counties for probate searches.

Agent tells me the house will sell easily for $600,000 ARV even in this down market.The house is located in the most exclusive neighborhood in my town.

(One could also be of the opinion that these restrictions are simply helping rich keep getting richer to the exclusion of the little guy... but that's a different discussion) Have you considered doing funding through a peer-to-peer lending site like Prosper.com or lendingclub.com?

Make sure all the rodents are out and then do exclusion (identifying and sealing all entry points).  

As an exclusive REO agent - I do that all the time, Will, and usually with investors that I have sold multiple REO's to.