(Answer: yes)"Do you mean "yes" to only the depreciation recapture from it being a rental; and the remaining gain being excluded under the limits of section 121 tax code?

Look for distressed signals like overgrown yards, boarded windows, maybe some code violations.

She's far more familiar with the landlord tenant code and she's worth every penny of the money we pay her every month. 

Why do people want to call it a loophole when it is part of the Tax Code?

For RE Investors there is a cap on deductions but not for RE professionals (per the IRS Code).

One thing that helped me narrow down was looking at rent-to-price ratios at the zip code level rather than city averages.

For instance, here are just some of the other variables that affect the quote: the type of loan, the term, the structure, the zip code, the property type, the number of units, the PPP, the points, the day when the rate was quoted, the LTV, the loan size, DSC ratio, the list goes on. 

I'm looking at a home right now that I really wanted, but looking at the pictures I see an abundance of code violations in the basement that make me wonder if the bathroom down there was even authorized.

I hired a contractor and we specified the requirement for permits and bringing everything up to code. 

Living in the Pittsburgh area is a cheat code to get ahead financially when you are young because of the affordability and housing market.