@Todd Krzeminski @Stacy Weng To be clear, you have to have lived in the property for Two of the last five years, which means if you sell, and close,  within Three years of the date you moved out your gain is tax free under the 121 exclusion.  

@Monica McLaurin Regarding the commingling of funds, you'll want to have a separate bank account, credit card, and contracts for each entity.

He sold the other five, paid off rentals, the week following.

Remember that all of the structured properties are 5 years delinquent on the taxes and the opening bid price is going to be the five years plus any fees, penalties or interest occurred to the county. 

Take that 3 to 7 thousand and put into into an appreciating asset....not some slick suited dude that charges beginners thousands of dollars to sit there and dream, while he tells you all about how great he is as his staff runs your credit card in the back room.       

Take it from a guy who was once over-leveraged and got lucky that his house of cards didnt blow over.....slow and steady is the better route!  

They also look for a good credit score ... so even if you prefer cash I'd get a credit card and pay it off in full every month to establish good credit history (and reap some good cash back or bonus point type rewards).

However, the definition of “passive” escapes me and there seems to be no concrete definition.I do not want to risk my status or possibility of delaying my green card application.I was hoping that someone can help me shed some light on my situation and how I can proceed in the best possible manner.

(Great for follow ups)Greeting Cards- average response rate of 2%, mostly quality calls.

I personally don't like online system after online system having my account/credit/debit card info.