The portion that is considered your primary residence would be eligible for a 121 exclusion.  

After the inspection period, that earnest money counts towards the deposit given at contract signing.Difference is that if the buyer tries to back out of the deal, sellers might be eligible to keep the earnest money depending on the language in the contract.

Forming relationships and networking with like minded people is fundamentally important.And keep reading BP and asking questions.

Our situation:  I have a W2 job with the military and will be eligible for the retirement pension in 3 years, but will probably stay in 5 and then hope to  transition to REI full time.My wife is a realtor with 3 years working part time, but starting to  get  closer to  3/4 time.We have a 4Plex that brings  in approx $50k in rental income and cashflows about $2k  per month  managed  by a property manager in CO. 

I'm looking for tips from the community on rehabbing an already decent credit score so I remain eligible for the lowest interest rates.

If we don't hear from them by noon of the last day, we ask one last time and if we don't hear anything, we send them a notice to vacate and we start advertising/showing the unit on the first eligible day. 

From my experience and what has been echoed here in these responses is that if the fundamentals of the location, the traffic counts, the visibility, etc. 

For mortgage swap eligibility-related reasons (we don't have the net worth to qualify for the swap as individuals, but do have enough to qualify as guarantors for an LLC as the borrower; the swap is about 40bp better than what the bank can offer us directly), I'm exploring taking title to the new property as an LLC.  

Say a R6 lot, which is already eligible for 2 builds, has a good standing structure (house).

Also, would I still be eligible for a FHA loan if my first property was done through seller financing?