Moderator, we have no financial relationship with any guru :B ] after we canceled promptly there were no additional billings either time.

Not a big fan of LTR furnished units, the additional wear and tear isnt worth it in my market and of course smoke smell can be hard to get out. 

Texas has additional laws against these options.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange?

Additionally, depreciation recapture (taxed up to 25%) still applies upon sale.Option B: Stay Two More Years and SellSince you rented the home for 8 of the last 22 years, after two more years as a primary residence, you would qualify for a 14/22 (63.64%) prorated portion of the $500K capital gains exclusion ($318,180).

@Kevin Connauton most PMCs won't touch this type of renting due to all the additional headaches and liability.We second contacting PadSplit.

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential!