This is a two-way interview, so have a short list of questions to ask the mentor (What books do you recommend I read to gain a better understanding?

Don’t forget the extra space in the living area gained by moving everything to the garage, make sure this looks good and maybe take advantage by adding a sleeper couch if you don’t have one already. 

You can also look at converting funds from pre-tax, to Roth IRA accounts, thus paying taxes on the seed so you don't have to pay taxes on gains/growth.

Equity gained from appreciation is free.  

If long-term, rebuilding the home could offer substantial future gains, but keep the high construction costs and California’s permitting process in mind.Mariposa homeThis emotional project has potential as a vacation rental due to its location.

My question is, do I qualify as having lived in the house for this time, to get around the 2 out of 5 years capital gains tax rule?

Instant equity gains after the build is complete, easy to manage, high demands. 

And could start making a small amount of cashflow and start gaining appreciation with an LTR.Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR?

First, how does everyone handle the capital gains on a rehab project?

That USA is GAINING not LOOSING market share or dominance in?