If the $700K sales price is not used correctly to acquire qualified real estate, the exchange could fail, triggering tax liability.Future exchanges will depend on the total value of the replacement property acquired, so entering syndications could limit flexibility.

Correct.

If I understand correctly your siblings goals are to sell their rental properties, use the funds to purchase a primary residence they'll eventually move into, and limit their tax liability correct?

Newsom signed that order post-LA fires making it illegal to increase rent beyond 10% in those areas impacted by the fires (one source: https://www.washingtonpost.com/business/2025/01/25/la-county... )If I understand you correctly, you're saying that PriceLabs is behind the increase in rates for your properties, taking them to either 10% or beyond of an increase which I'm sure is something someone on their board or engineers must be aware of- as an issue.

HI, 
Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding? There's no charge to me to get these funds except a yearly fee of 200.00. 

Thank you 

So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

@Preet Oberoi Purchasing a short-term rental (STR) or tiny home to offset W-2 income with depreciation can be effective if structured correctly.

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.  

But I assure you it's correct. 

Also If the names are correct i searched dca database and found neither license listed under the name or business.