But they understand the consequences, and I'm not trying to get on them like a parent.Still I'm glad to hear he came around.

In this case I would have cash out to reinvest AND a tenant helping me gain equity back from the original property.Maybe the right way to calculate this trade off is to determine how long it would take the rental income to pay down the equivalent principal to the amount I'd save in taxes from the tax exclusion...

I have a friend that is trying to get me into forex trading.

In short, the Department of Justice and Federal Trade Commission view MLSs treating certain listings (e.g. entry-only) differently than others (e.g. exclusive right) as anti-competitive behavior. 

I may end up looking for a b-neighborhood duplex in the end and trade up later, perhaps into a different city. 

I found a HUGE benefit in a program called, "VestorPro" and it is doing wonders for her and they are teaching this old dog some new tricks of the trade. 

My plan was to live in it 2 years and then sell it with no tax consequence.

I haven't dug into historic preservation, but I'd assume the trade-off to historic preservation tax savings would be limitations on demolition, which could restrict your buyer pool when you sell.

(In each case, Trade fixtures, personalty, chattel, etc. are all taxed to by the Occupant where applicable, and rarely if ever become part of the real estate. the retailer's tax may be greater, but not based solely upon the property tax.) 

I also paid for Facebook ads and I listed the home in several Omaha area Buy-Sell-Trade groups on Facebook.