Quote from @Patricia Via: It's hard to answer without knowing all the specifics. 

Is this a client that came to you via your own network, or was this someone the broker put you in touch with a while ago? 

I'm fortunate that my listings leased via apartments.com and SabbaticalHomes.com

You can reach out to me via email, this is something a lawyer can review your loan documents and lease, prior to execution.

If you’re keen on keeping your stock portfolio intact, leveraging your home equity via a HELOC or home equity loan could be a smart way to keep that diversification going. 

Sounds like lower non qualified / qualified ratio is the way to reduce CGs and depreciation recap.Furthermore, 1 property is owned by my elderly mother and can future reduce CGs via step-up at passing (assuming current step-up tax law)Property 1 (CA Condo $800k FMV, $450k basis, 10 year owned as 2nd home, wife+I are owner)Rent 2 year in CA (24mo rule), 1031 to WA, rent 1 year before converting to primary residence for 5 year before sale.Is qualified use years 10 (2nd residence) + 5?

Same as the point of contact I was speaking with via email.

Feel free to contact me via PM and I can provide you more info if you have further interest, as these discussion boards are not for selling!

There's been a massive revitalization effort that started downtown and has spread throughout the city via the Strategic Neighborhood Fund (SNF). 

Via LLC or through a syndication of some sort?