However, are you planning to do a 1031 exchange, or is this a primary residence? 

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

They are saying that they are 'beseiged' with calls from LA County residents wanting to relocate out of state....to AZ (mostly).

If you had good credit (670-730 range), you have 20% to make a down payment, and sufficient income to qualify for the home you want to purchase - Would you choose the FIRST-TIME HOME BUYER or CONVENTIONAL purchase option...which would you pick and WHY?

Now, I'm not an attorney, so I'm basically mansplaining something that I am not qualified to comment on.

Investment Info:Single-family residence buy & hold investment.

In most cases, I don't recommend renting out your primary residence especially if you have no rental experience and that is because usually your primary residence was bought without the idea of renting it out.  

Investment Info:Single-family residence fix & flip investment in Tenafly.

My 2017 property was a former primary residence that didn't sell when needed, most challenging.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.