LOL  He was just excited about the senior housing and medical space and the 8% (at the time) dividend.  

Prior to talking to any investor you should understand how securities laws apply to your investment strategy and how to best fit them under the requirements of an exemption from registration of securities, which is in essence a public offering. 

She plans to open a medical clinic within the year as a nurse practitioner but that would be under a newly formed LLC at that time with just her as a member.

They are also my low risk investment and emergency medical money. 

I know because of homestead this is mandatory on a primary residence, but I thought it is not required for an investment property since no one is claiming the homestead exemption. 

So a 1031 combined with the residence exemption might not be a bad idea at all.

Originally posted by @Varinder Kumar:@Karen O.You should speak to a tax pro.If the house was your primary residence for 2 of the last 5 years, you can get a $250k capital gain exemption ($500k if married). 

I have recently been informed that, the great state of Texas, offers reduced(or exemption) property tax rates for disabled veterans based on their VA disability rating.

You are also exempt from taxes going forward.

If it's rented, you are exempt.