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I am sure you are aware of the U.S. tax regulation that allows homeowners to exclude a certain amount of capital gain from their income tax. It works like this: If you sell a home that has been your primary residence for two out of the last five years you can exclude up to $500,000 in capital gains from income tax. The original intent was to prevent large capital gains tax liabilities from locking older homeowners into their homes. That exclusion has been a wonderful break for clever real estate investors. You could buy a home that needed rehabbing. Move into the home and start doing the necessary repairs. After 18 to 20 months you could offer the home for sale with the stipulation that the deal could not close until.