The problem is the land was purchased prior to January 1, 2018, so it is not a qualifying asset for the asset tests under the OZ rules.

Your house, your rules.3) You'll be present.

@Dan Roma - I'm not familiar with the rules in Texas, but up here in NY I would call the Executor/ Administrator of the Estate (s) or their attorney and find out more.

Social media product rules and engagement can change frequently leaving you at the mercy of the tech.

Curious out there what people use as a general rule for how leveraged they are.   

HELOC funds will be tax free dollars as will sale proceeds if you've lived there for 2 of the last 5 years (I believe is still the rule).  

Is there a "rule of thumb" regarding a ratio of income you should get from a rental property versus how much a mortgage payment is on that property.  

However, if my understanding is correct, we could actually sell, without the time constraint and rules of a 1031 and still not have to pay taxes on the event, because of the fact we occupied the property as our primary residence two out of the past five years.

Also don't be concerned about the 2% rule or the 1% rule or any other rules. 

Mailbox money so to speak.There are some restrictions, such as being an accredited investor, minimum purchase amounts ($100k for 1031), and illiquidity, but they do purchase higher class assets.