Take ownership of your mistake and learn to do the proper due diligence recommended above😊

If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  

high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

However, there are multiple documents that emphasize that all 1245 property determinations must be factual and supported by corroborating evidence.

Also, I would look at rental rates to property values to determine if any areas are around the 1% rule.

We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years.

I'd be interested to hear how about this maximum appraisal potential is determined. 

I asked specifically about transfer in PA from personal ownership to LLC...so maybe it not considered a "sale".Thanks for the input on the personal loan vs LLC, this is what I was unsure of as my name would be tagged to the property via the conventional loan document. 

Favorable Leases: Tribes can offer long-term leases (up to 99 years) with attractive terms, allowing access to land without full ownership.6.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.