However, if you want access to the type of funding that allows for no/low cash to close you do need to learn how to recognize that type of deal, and so enrollment can be a great value.

Temporary deferral for recognition of realized gain until as late as December 31, 2026 To the extent gain portion of proceeds is reinvested in Qualified Opportunity Fund(QOf) within 180 days of the sale or exchange of any asset, gain is not required to be recognized in year of saleGain deferred is recognized upon the earlier of the date the investment in QOF is sold, or December 31, 20262.

It’s currently zoned Rs-3 and is recognized as a SFH.

They also have many if not all of the features that QBO has to offer including bank feeds (will automatically import transactions that hit the bank), Rules (you set a rule and when it recognizes an expense from lets say "Home Depot" it will automatically code it to "Repairs & Maintenance", and also has Classes to code transactions to the proper building.  

IF you have the funds to purchase a place in LA, then you can begin looking at options around you, You also have to recognize that if you purchase a place and inherit the tenants, all the downsides that come with rent control, the eviction process and of course the time and stress that can be associated with it.

If you are using your own homeowner's insurance premium as a baseline, then you first need to recognize that a homeowner's insurance policy and a non-owner occupied investment property policy are not the same . 

However you need to recognize that is only 1 metric out of many ways to evaluate a property.

Would the IRS recognize that we're no longer renting after two years and negate our exemption?

I’m not planning on buying anything else right away but want to take a year or two to thoroughly educate myself on how the market works, how to finance safely, how to find and recognize good deals and anything else that would help me make good choices when I get some money to invest.

I obviously didn't recognize the hidden gem that is BiggerPockets at that time because I didn't come back until late last year when I committed to making my first real estate investment.