Having a difficult time understanding the in's and out's of SELLING a property to a son/daughter. 

You can just answer it without the jazz, and I bet you know a few places right off top of head where people WANT to live, right. 

@Unal Baris Kancoglu Costco is a trusted name for many things, but for HVAC services, it’s important to understand how their model works.

I understand the pros and cons of both so no real immediate preference.

People should stop applying sale of goods theories to it.    

So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

My understanding is that you can sell assets and defer capital gaines taxes in an opportunity zone until the property is sold.

Quote from @John Davey: Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?

I understand the risk it comes with if I have vacancies, but I do have a couples of months of mortgage saved to use in case I get stiffed.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.