I was aware of what you outlined and that there was guidance after it that clarified the interpretation, but I wanted to be sure nothing changed after 2019.https://www.biggerpockets.com/... 

some are more conservative, others are more liberal in their interpretation of what is a cloud.

Sorry that you were disappointed in your interpretation.

(Some may interpret corporation law to mean that you as an individual could not perform the search for and marketing of real estate for this Investor entity unless you are a licensed agent or a W2 employee. 

But as I read the highlighted sections above, I'm seeing two different interpretations; 1) anyone that has a right to the property and was not notified [33.54(b)] is not bound by ANY limitations period, 2) anyone that falls into the first interpretation actually has a 2 year limitation [34.08(c)].

I am concerned a bit as Stessa is free and if you dig into their privacy statements, they are collecting and using "non-identifiable" data for marketing and revenue generation (or at least that's my interpretation). 

Here is how I interpret the tiered structure:  If you're in the 10% or 15% tax bracket for ordinary income, then the amount of long-term capital gains that keeps your total taxable income at or below the 15% bracket is taxed at 0%.If you're in the 25%, 28%, 33%, or 35% tax bracket, then the amount of capital gains that keeps your total taxable income at or below the 35% bracket is taxed at 15%.If you're in the 39.6% tax bracket, then your long-term capital gains rate is 20%.At some point, if the capital gains is large enough, AMT rules come into play.The problem with your scenario is how the IRS will perceive your intent.  

Be careful as this can be interpreted in faulty ways.High quality is more.

Being an agent you gain insight to how to interpret the market (which is important to buying and selling your own investments ) You also have access to the mls which is convenient.

Many months ago I sent questions to my state's AG office and I am happy with the state (NC that is) Commissioner of Banks providing the interpretation.