Use the 2 out of 5 year no capital gain up to $250,000 per spouse.  

Run the numbers, but  you also have to think about capital gains when you do sell (now vs 5 years from now). 

@David Trujillo your father, like all Americans, has the ability to avoid up to $250K in capital gains taxes on the sale of his home using the 121 exclusion. 

My tax specialist is telling me I owe about $16k in capital gains tax because I had converted the house for commercial use.

@Blake Crawford You can potentially look into bringing passive investors through syndication.

Before that it was primary residence since January 2019.Do I need to sell it this October to avoid capital gains tax to qualify for 2 of last 5 years exemption for capital gains (up to 250K single, 500K married filing jointly)?

Will it crash, I do not think so, but I do not see gains, especially in lower priced markets.4.

Quote from @Jason Jacob: She says a sexecutor she cant do anything until taxes are paidI already explained there is no gains tax due to step up basis at time of death and the IRS has no role in property tax. 

@Gladys Villa how much experience will you gain if you buy a 2-4 unit, live in one unit and rent out the other(s)?

The question is, what date is used to qualify the year of holding to avoid short term capital gains tax?