@Dave Foster apparently agrees with this point, and he is a professional exchange intermediary.Yes, there is some debate about that spousal issue, hence the 50% warning, but I don't believe their concern is valid.

There is reasonable debate among CPAs about when a property is in service, so you may get different opinions on that. 

So I have been doing some serious debating for a while now on whether to sell one of my very good cash flowing 4 bedroom 4 bathroom single family rentals in the hot, in my opinion overpriced, Madison, Wi area for a large profit and reinvest the profit into a larger property or to hold onto it and keep the cash flow coming in.

I generally agree and that is why I stick to 3/2 homes, but I’ve been debating the 1br because it clearly has a market.

Hi All,Debating a HELOC on my primary residence to obtain funds for a downpayment for another rental property.  

(not debating here, just genuinely curious what your thoughts are).

I was debating on what to do--whether to continue or not.

As a collegiate professor and someone who runs an econometrics program for one of the largest companies in the area, these types of debates are truly enjoyable) Happy Investing!

Here is the debate.

The period of time is debatable(2 tax years to be sure).