It should have been communicated that we had a plan to assist you and would waive the new resident lease fee. 

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

Some invest in AZ with plans to live in AZ at some point.

Aloha @Keith Barham, yes its geared for Lenders and Agents, however,  it works well for Real Estate Investors too! 

You need to work with a property manager that has experience with this, unless you plan on doing it yourself.

Different areas have different metrics that decide how well they are doing.

It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

Also is there a plan to replace the HML after a particular point?

I’m ideally looking to buy that first property in San Diego.ThanksSounds like you're well positioned.

Southlake probably never was, Frisco if you bought 10+ years ago probably has done well.