It changed to a blanket exclusion of taxation on the first $250K or $500K (single / married.) 

I plan to use the funds exclusively for the purchase of rental properties and/or flips and related investing activities. 

Ex. 50k equity & appreciation upon sale, 40k would go to 1031 like-kind exchange & 10k would be covered under home sale exclusion on capital gains tax.Thanks for any advice!

And the law is pretty fluid on what the requirements would be to take advantage of the primary residence exclusion. 

I think there is a transition (grace) period for you to sell and still take advantage of the capital gains exclusion.

@Kadisha PetgraveThe fundamental differences are cost and occupancy.With hard money, they're generally used for investment properties, FHA 203k is exclusively for owner occupied and the Homestyle loan, while it can be done for investment properties, is capped at 85% ltv.Hard money will have two closings (double cost), one for the purchase and then the eventual refinance into more permanent financing while the FHA and Fannie products are one closing. 

You would need to check what deductible amount you have and exclusions.

It states in part that:The owner shall maintain all means of egress at all times in a safe, operable condition and shall keep all exterior stairways, fire escapes, egress balconies and bridges free of snow and ice, provided, however, in those instances where a dwelling has an independent means of egress, not shared with other occupants, and a written letting agreement so states, the occupant is responsible for maintaining free of snow and ice, the means of egress under his or her exclusive use and control.

The land owned by somebody else was not tax delinquent and was not part of the tax sale.Saw at one tax sale that a young couple bought a 1 acre suburban tract of "vacant" land and even got their pictures and a story on the front page of the newspaper. 

Focused intensity, like a magnifying glass on ONE spot of the newspaper, causes fire.