You won’t get the full exclusion I don’t believe,  you’ll have qualified use calculations since you didn’t meet your two years requirement until After it was a rental.

Reliant is a company that has full real estate cycle experience and puts out several deals in self storage a year. 10 First Federal is another company that is younger, only half the age, but has disruptive technology where they replace the on-site operator with technology, which expands operating hours, removes the largest expense and increases NOI.

I would like to know your opinion on my chances to get my security deposit back in full?

Anyway, I had a tenant whose lease ended yesterday, July 31 (they paid their full July rent). 

At that point I want to be ready to quit my day job and do real estate full time.

@Colin Perry If your purchase price covers the 1st lien and 2nd lien ( IRS lien ) they would be paid in full.

A little tip: I don't know what labor costs are up there, but here in Austin I was able to do that "full gut" fire house for $77.60 psf with my contractor who gives me really good prices since I give him a lot of business.

Sell the property, get your full VA benefit back, and go buy a quadplex with your VA loan. :)

If real estate is going to be your full time job, or part time job 4.

Closing with a known issue would likely bar a title insurance claim once the issue surfaced and regardless, this is a title problem that as a buyer you definitely want resolved.There are a few ways to resolve this including a corrective or confirmatory or other deed but they all will require full disclosure to the title company/insurer and some corrective action or affirmative coverage for the issue.