I have an interest in all areas of the industry although my experience is in commercial real estate and commercial roofing systems. 

Most industry pundits anticipated that CMBS lending volume in 2016 would increase.

This is what I am encountering, in the current Mortgage Industry.

@Dolly Caswell@Ralph R.I certainly agree that with the oil industry and state budget issues there will be a downturn in the market. 

I am a Canadian living in Allen Texas and have been in the US mortgage industry for several years.

Compare to Detroit when the auto industry tanked.

A lease option is a lease with the exclusive right to buy at a specified price for a certain amount of time.

I'm passionate about the real estate industry.  

I am originally from Liberty, NC and I am very new to the real estate industry.

You would still have the two requirements of 1.purchasing at least as much as you sell (the net sale or roughly 700K) 2. use all of the proceeds in the next purchase (roughly 175K).If you keep that property as  a rental for no more than three years after living in it for two years you would be able to sell it and still qualify for the primary residence tax free exclusion even though it is a rental at the time of sale.