If you plan to live in the property, you may have a better (IMO) option of using section 121 to avoid cap gains taxes up to $250k filing as an individual, $500k as a married couple.

The best investors I know are using Real Estate for tax purposes and appreciation.  

The numbers continue to make sense on this it’s just now a matter of how long do I allow the litigation to draw out (still acquiring those attorney fees) before just moving on.     

We held as primary for a year and STR for 2 years filing the appropriate tax declarations/forms etc. during each stage.

Its interesting what the county is doing with the new tax on landlords.

Given their proximity to a major attraction like Yosemite, these counties benefit significantly from the taxes generated by STRs, and from what I can tell have no intention of restricting them across the board.

It's no small feat for these people to raise application fees, security deposits and moving expenses.

I almost feel guilty with how little tax we pay but dealing with it!

They systematically receive a fee.

I could sell the property on the market but I think after fees and taxes, I would be at a loss.