I'd like to sell each home and repeat the process as quickly as the law allows.Is two years defined as:  reported on two tax returns, or 24 months?

But if you're sticking with the long-term rental model, appreciation is really the only option at this point.Now, at the risk of repeating some of the other posters here, getting more creative with your rental model can cash flow.

People who are weary right now are seeing what is happening in the Chinese real estate market and feel like that will be what lights the fuse on the next recession (combined with the oil, gas and coal shortages affecting most of the world right now).

Maybe start in small multifamily, get really good at it, then get an airbnb and repeat.

And that co-signor should recognize that in the case of default it will affect the co-signor's credit. 

It did not affect either structure, just the driveway. 

Both properties were 75% LTV loans and separate, so I can sell one without it affecting the other.

You can see visitation data, including how the last recession affected tourism (spoiler: not much) here: https://irma.nps.gov/STATS/SSRSReports/Park%20Specific%20Reports/Annual%20Park%20Recreation%20Visitation%20Graph%20(1904%20-%20Last%20Calendar%20Year)?

It affects your schedule E. 2.

If it is one lease, just tell the girl that this matter does not affect you as a landlord and they should sort it out on their own.