The bill would double the tax exclusion on the gain from sale of a principal residence and require future annual inflation adjustments to the amount.

$1,000 per month on a double?  

If you got in , 7 8 years ago, you doubled tripled or more on top of the 20% net caps.

Now that sucks (double taxation), is there any other way to min. being taxed back and forth?

Unlike corporations, there is no double taxation when owning the property personally.Summary: Individual ownership is the simplest and most cost-effective way of owning U.S. real estate.

While refinancing is an option, it would almost double our current interest rate.

Not if that neighborhood booms and price per SF doubles...then who cares?

So, you signed up to double taxation of yourself, including the 15.6% self-employment tax. 

I have also been know to be a resource to some of my wholesaling buddies that have needed a loan for EMD or even funding for a double close. 

If you asked me 5+ years ago where house prices would be in some of the areas where I have rentals, I never would have guessed how quickly they increased and are now double what they were.