Do not sign an assignable contract until you have had the opportunity to investigate the true value of your property and the legal implications with an attorney.Take responsibility for being informed about the value of your property and the contracts that you areconsidering signing.Distressed Rescue TransactionsInvestors and real estate brokers are approaching distressed homeowners (those behind in their payments, facing foreclosure, or experiencing a medical issue).

If you just moved after 20 months because you found another property you liked better, then you don't qualify for the exemption.

A transfer to a trust is exempt from due on sale violations since banks will view transfers to a trust as an estate planning tool.

However, generally capital gains from your primary residence are exempt from capital gains tax up to a limit of $250k for a single or $500k for a married couple. 

In the example that I am familiar with, it was a 50K gift, that 15K is exempt from reporting, and then the remaining 35K is reports and comes off of the 10M exclusion.

High property tax, you still get hit with CA state income tax on net income, we are out of state "non-homesteaders" so an exemption we don't get.Im not saying don't buy in Texas, it does offer appreciation potential, but taxes kill Texas rental revenue!!

Off the top of my head, why not live in it and get the homestead exemption so you don't have to deal with taxes, or try to do a 1031 exchange to avoid the taxes by rolling the money into something bigger, or several smaller places?

You will lose a TON of money due to losing its tax exempt status.

@Nicole Heasley sell and take the 121 exemption. 

Has anyone ever invested in medical liens backed by personal injury cases.