If you hold on to the property for a few more years, you will lose the exemption and then your 130k basis in the property could get you a huge capital gain tax in the future.

As far as the estate tax - the current exemption amount is $11.4 million per person.

Do a 1031 and take boot equal to the amount of gain you can exempt.  

Well, you can’t do an fha more than once every two years regardless, unless you meet one of the exemptions.

@Bruce Woodruff, are STRs exempt from these rules?

If you have multiple investors that are totally passive you were going to need to file an exemption with the SEC as this would not be a joint venture unless they are active in the deal.

Same goes with your rental income but it can be off set with expenses, depreciation etc.W-2 is pretty much taxable, not much to deduct besides you personal exemption/deduction and/or if you have something to itemize.Instead of getting upset at the lenders, learn the rules and try to comply with them. 

Hi Everyone, I live in Fl and take advantage of the homestead tax exemption on my current house.

Since the condo meets both exemptions (condo + built in the last 15 years) for rent control and "just cause" for evictions, would I legally be able to increase the tenant's rent to market rate, say $4000/mo, after their lease was up? 

You sue them, threaten to take all their non-exempt assets, most decent guarantors would rather pay out $50-100k vs attorney's fees and filing personal BK.