You then, have to Homestead it in Florida for the Property Tax reduction.

Taking the inspiration from the post " How to buy a tax deed at the Fulton County Tax Sale, Atlanta, GA" by Dan M.  

It saves 5% on the tax rate. 

IF (big IF) your not in love with your current house you could sell it, taking equity gain tax free (if 2+ years living there already) and then use that money to house hack a bigger or multi property.

they will get the first $500K of profit tax free. 

@Taryn Hansen As this is a real estate site I’d have to say rent out the house and keep it and watch it appreciate in value while you earn solid cash flow and get tax benefits.

I think it MAY save some $ when it comes to tax time - I think we would have a lot more deductions possible to take, she could possibly have REP status.

Your future year ROE will showcase the remaining equity CCR (hence ROE), and your new cash should be reinvested at some prevailing pre-tax rate (say 7% for example).

Every accountant thinks that knowing the numbers and taxes is what makes a deal work.

Wondering if it's is more tax advantageous to use an S-Corp or a straight LLC for doing my flipping in?