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Message: <blockquote data-quote="CHenry" data-source="post: 3611203" data-attributes="member: 6281">Late to the show but...You wont pay capitol gains tax on a property if you lived in it at least 2 years and its less than $250k when you sell. I'd sell the house and invest the proceeds in a good S&P mutual fund. I use Vanguard.com and its pterry easy to find an SP 500 index fund which has averaged 12% over the life of the market. Mine has earned no less than 18% the last 5 years and as much as 36% BUT I wouldnt advise this unless your going to leave it for 5 years. Taking it out early if the right property came along is fine as long as the market hasnt dipped - which it does in cycles but thats normal and when it dips, it always rebounds historically. So plan to leave it 5 years and if you need it in 3, and the market is up, sell it and buy your dream house. If its down, wait. A downturn in the market is like a sale at the store, good time to buy more rather than selling.2008 when the housing bubble popped is a prime example. Many got scared and sold, losing thousands, when I was buying at half price and it skyrocketed back up earning me thousands.As for the other questions, I'll have to think on them more.You seem to have a good head on you and we've met. Trust in God for these hard directions. He usually answers me.</blockquote>