Kinesiology....lolIf I could go back I would have done economics or finance, something broad and relevant

And your expenses won't be close to 40%, as that number is relevant to less expensive and cheaper units in middle America.

What about the beginning of this same sentence, that reads: "Factors that may be relevant in determining the taxpayer's primary reason for the sale or exchange include (but are not limited to) the extent to which..."

This would depend strongly on the specific Homeowners association, and the relevant apartments you are comparing to.

It doesn't matter what you do with the cash flow, it has no effect on the taxable income.Principal payments are relevant for your cash flow, but not for profit.  

But in "ezLandlordforms.com" I fill these things in during online lease creation, so the custom addendums are not as relevant.

They aren't relevant to the tenancy or lack thereof.But regardless, what does it matter if the whole purpose of being in front of a judge is to terminate a tenancy? 

As for due-on-sale clause and how it works with trusts, the relevant federal law on that is Garn-St.

@ Justin S you are correct and the "cheap" is relevant.

Very relevant to me.