Before you pull the trigger on anything I would get some training or find a mentor in your area willing to show you the ropes. 

I've heard the rumblings of several states pushing for time limitations and out-right disregard for history but hadn't heard of anyone pulling the trigger (pun intended) quite yet.I would be happy to share our published rental application standards (defined for central Iowa, reviewed and approved by local real estate attornies) if anyone is in need.

I keep telling my fellow US investors how spoiled the are every time they start complaining about something (taxes, fees, regulations, rent, compliance, etc.) in the USA market ;-) Try making it in Europe and you'll need to toughen up by bringing along more time, patience and expect less yield.

Should have pulled trigger two years ago!

Only a sale will trigger the tax.However there are a couple issues here.1.

There was recently a new law enacted where a buyer has to sign an affadavit to verify that he or she is in compliance with state laws on foreign ownership of property.

I had a gun pulled on me doing that, but we sorted it out before he pulled the trigger. ;-) 

Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).

They can help draft any necessary agreements, ensure compliance with legal requirements, and protect your interests.Mediation or Collaborative Divorce: Consider using mediation or collaborative divorce processes to negotiate the division of assets amicably.

This program will be enforced to ensure compliance with the community's governing documents and to maintain the quality of life for all residents.