Rentredi not resident!

@Marcus Pender, Since you would be staying in that house for 2 years, you would qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains on the sale of your primary residence if you’re single, or up to $500,000 if married filing jointly.

Once you have lived in the property for two out of the previous five years, you could qualify for the primary residence exclusion, which allows you to take the first 250k (500k if married) tax-free.

Quote from @Hunter Foote: I’ve been seeing more interest lately in sober living homes (also called recovery residences) as a niche within real estate investing.

You can also check out groups like the National Alliance for Recovery Residences (NARR), which might have some leads for you.Another option is to talk to property managers who specialize in group homes or sober living.

Turning over a past primary residence into a rental is the way a lot of us got our start in RE Investing.Cheers,

Regardless of whether or not the property was eventually used as an investment, the time as a primary residence would not factor in unless I was using it as a primary residence specifically as an investment strategy (avoid capital gains, wait out the 1 year requirement for VA, etc.).

However, Resident shall be obligated for the costs of such repairs, replacements, and related services if the need for such repairs, replacements, and related services results from the negligence or misuse by Resident, other residents of the Property, or Resident’s agents, servants, employees, invitees, or family members, or if the repair is less than One-Hundred Dollars ($100.00).

Quote from @Christy L Sarone: Investment Info:Single-family residence buy & hold investment.

He even showed us some random receipts lying on the table.