Thought I'd chime in here. Good solid facts from Bucky, thank you from us readers. A small elaboration on a fact that you might not know. The capital gains tax means you can't really sell the house until you own it a year without paying a big tax on it. I have worked for a guy (as a carpenter) on his flippers for a couple of years now. After I fix them, he tries to rent them until the year is up, very tricky sometimes. Be very careful, my friend.
