Remember you are exempt from excise franchise tax if you file an exempt form.This post does not create a CPA-Client relationship.

But since it was being used for investment when you sold it you also qualify for a 1031 exchange.If you find that you still have any taxable gain leftover after the primary exemption, then you can indefinitely defer that tax and not have to recapture any depreciation in a 1031 exchange.

After incorporating you'll want to then file for a tax exemption with the IRS.

Reach out to @Alyssa Holbrook as she has a property she is trying to do it on now.Thanks a lot @Jonathan GreeneI was reading the SLC docs and it seems that the restrictions for owner occupancy only applies to single family homes and duplexes are exempt.

While landlords are often exempt from these disclosures.

So no you will not qualify for the 121 exemption. 

Good luck I had a call with a FINRA compliance consultant today and discussed the sponsor exemption.

From your knowledge, does a Master Lease Agreement in Ontario make you exempt of that law?

Not only will you lose your property tax exemption, but you may need to secure LTR tenants.

HI Jewell,If you were to use FHA again, this could trigger the FHA 100 mile rule + 1.75% upfront fee, however with a few exemptions Indeed FHA allows you to put 3.5% down payment to invest in 1-4 units.