At least there's some protection with the performing note side.I just looked up the most recent performing note offering from PPR and homes in the same neighborhood have recently sold for a similar price compared to the listed value of the property that's being used as collateral for the note

They are a great tool for asset protection (when you have assets to protect), but they are by no means the end all be all of liability mitigation.

I sold the properties and want to rebuild.  

Naturally your relinquished property must be sold before you can take title to the new property, but its a great way to make the process as smooth as possible.Even though the time frames can feel daunting I find that 95% of exchanges from my clients are successful.

YouTube is going to be your best research tool. 

But if you could divide that portion off and keep it in a different business name , if you ever sold the property , you or your heirs would always be getting a check 

Meeting that 2 in 5 of the last requirement allows a single owner to shield $250k of appreciation and a married couple to shield $500k.Unless you predict a lot of income from the MTR or you feel that there is a lot of appreciation incoming over the next three years (minus time get the property sold), you may want to consider collecting your $100k (passing GO) and redeploying that money to whatever you feel is its best use. 

If we are checking property tax records, should we not buy a home where different LLCs (investors) have owned it and sold it every 2 to 3 years?

Sold it recently to make a nice profit.

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