Federal and State funds have been used to spruce up the area and Midtown is currently being given a major facelift. 10 years will tell if the effort was worth it. 

I just need income coming in before I give up my federal job. 

Maintain at least 6-month of cash reserves to cover expenses and review your insurance liability coverage to confirm you are adequately covered from a liability risk event.Just like the Federal Bank stress tests that gauged how well prepared the large US banks were to another recession/depression.  

Guidelines regulating the fund will make it easier for rural communities to get federal subsidies for advancing internet availability.That's from: https://www.thoughtco.com/the-digital-divide-introduction-4151809

With the passage of Dodd-Frank, and the extension of fair debt collection statutes (both state and federal) to, not-only third-party debt collectors, but to owners of that debt as well, the regulatory bodies have exhibited their intention to continue protecting the consumer.

But once you get to that taxable income number then, yeah, you pay federal, state and local taxes on it, just like income from a job. 

@Andrew Kniffin and Account Closed IRC Section 1031 is a Federal IRS code and doesn't apply to state capital gains or state income taxes unless that stat's code would allow a tax free exchange.

The PTFA is a federal act and I know there were some bills proposed to extend it and make it permanent, but last I heard they stalled out without ever being passed.  

There is a federal IRS issue.The federal law does not allow you to rent the house to family at a "discount" and still treat it the same way as a "normal" rental.

They tended to have far less access to New Deal mortgage support programs such as Federal Housing Authority and Veterans Administration insured mortgages.