Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

Our clients have used 1031 exchanges very effectively when they have a property that turns out to not be the right fit for them.

Seriously, all I can tell you is this:Showing you screenshots, and a ton of leads from my website is a direct indication of the effectiveness of what I am telling you. 

I manage around 400 rentals with 14 years of experience and have never been sued once.

I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.

Moreover, the economic ripple effect will likely increase the need for commercial properties, including retail spaces, offices, and support services for the new facility and its employees.Strategic Investment OpportunitiesFor real estate investors, the strategic implication is clear: now is the opportune time to invest in Columbus.

I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.

@Michelle Wang, I completely understand your frustration, and I want to say that you are not alone in this experience.

@Thomas Farrell if you have any experience managing property/construction projects, I would look in to flipping properties and keeping the once that you see an acceptable cashflow on when finished.