You have to register the property and then apply for an exemption.

If you sell it for $800k, you have a capital gain of $75k ($800k - $725k).Capital gains taz is usually lower than ordinary income tax, but since you don’t qualify for the 2 out of 5-year exemption, you’re looking at paying full capital gains taxes.

I am in the process of purchasing 3 properties all right next two each other. 1 multifamily and 2 commercial office space of which we plan on using a significant portion of for our medical practice.

Not even Wyoming is exempt. 

Examples: Medical Professional Financing (stronger rates and limited down), low down payments of 3.5-10% on jumbo primary, second home or investment properties, 10% down for investment properties of 1-4 units (with no PMI) and portfolio or private loans with attractive ARM or seller carried rates we negotiated. 

Solo 401(k)'s in most instances are exempt from UBIT as it relates to Debt Financed Income.

@Stuart Udis Michigan's Transfer Affidavit has exemptions for several transfer of ownership types, including from a single owner to a single-member LLC.https://www.michigan.gov/-/media/Project/Websites/treasury/F...Is it different in Pennsylvania?

Kansas City has a strong medical presence so traveling medical professionals are always needing a place to stay.

Point is, yes, this strategy works and MY place works well for business travelers (individuals) and the occasional medical professional (who--no offense--ALWAYS asks for a discount :).

Of course blaming me, complaining about other people, talking about her medical issues and son and how they need a place without stairs and need to move, and on and on.How are other landlords handling this?