If anyone would like more information let me know specific questions, I think I could explain most anything about this subject. 

@Patrick Irish based on what you say, the Sec 121 Exclusion and the 1031 Exchange both seem like they'd be good options for you to defer capital gains on sale of the townhouse.Sec 121 Exclusion has 3 requirements: First, Determine whether any of the automatic disqualifications apply (acquired property through 1031 exchange in last 5 years, or subject to Expat taxes)Next, meet the ownership requirement -> you owned the home for at least 24 months (2 years) out of the last 5 years leading up to the date of sale (date of the closing)Finally, meet the residence requirement -> owned the home and used it as your residence for at least 24 months (or 730 days) of the previous 5 yearsThere is no “Wiggle Room” but there is a Sec 121 “partial exclusion” for people like you that missed the residence requirement by a few months.

If there is a loan on it, buy subject to and finance the difference

Unless you have UBIT in an IRA then you can take those deductions on that portion subject to UBIT.  

@Arina Alexiuc why not look into a multifamily master lease, seller financing or subject to?

.- Tutoring: If you have expertise in a subject, offer tutoring services.- Ride-Sharing/Delivery: Work for companies like Uber, Lyft, or DoorDash during your free time.- Online Store: Start an e-commerce store on platforms like Etsy or Shopify.- Investment: Look into stock market investing or peer-to-peer lending to grow your savings.Summary1.

Is it legal to sell a house on a wrap that you own subject to in Texas?

I started on my own and learned everything by asking more experienced mentors and modeling my practices after them with trial and error.I would also network with other small business owners in your area as they understand business and will help you if you go out of your way to help them.Additionally, I would start writing content or creating videos about real estate in your area so people can see that you are a subject area expert and over time they will decide to work with you.

The designated responsible party must be available on-site to address any issues as soon as one (1) hour following notification from an occupant, a city official, a code compliance officer, or law enforcement officer.Prior to the city issuing a certificate of registration, the vacation rental is subject to inspection to ensure compliance with: (1) minimum safety requirements under section 34.5-12; (2) minimum information requirements under section 34.5-13; and (3) to confirm compliance with Chapter 34.5 generally as well as any other applicable provisions of the Sarasota City Code and Zoning Code.The minimum safety requirements are set forth in section 34.5-12 and include compliance with the Residential Swimming Pool Safety Act, operation of smoke and carbon monoxide detection systems, and installation of fire extinguishers.The minimum informational requirements are set forth in section 34.5-13 and include, among other things, providing: (1) the location of the nearest hospital; (2) the non-emergency police telephone number; (3) the dates and approximate times of trash and recycling pick up; (4) the street address of the vacation rental; (5) the name and phone number of the designated responsible party or parties; and (6) emergency evacuation instructions.

However, a few of her comps she shared included: - Properties crossing major streets- One property pending (NOT SOLD)- One property sold, but over 350 sq ft apart in size from the subject propertyNow I'm not going to say I get it right every time.