We have a full time residents manager along with my two daughters working part time age 16 &17.

Search LLC info here as well and if you provide more specifics, be happy to address your questions too.John, I'd like to see that, the code referres to unrealted parties, our resident tax guy can probably look that up, but what is "related", it does relate to business interests, a husband wife may only be an issue if any compensation comes back to them or they control the board so that selected entities that are unrelated receive compensation.

We are putting the current residence up for sale.

Not sure how you get to 50%.Here's a post that explains this:http://www.biggerpockets.com/forums/52/topics/65109-does-rent-from-primary-residence-reduce-my-debt-to-income-ratio?

These lenders typically want the borrower to reside within 100 miles of the property, and many want the borrower in the immediate area.

Quick history: I currently own 2 homes. 1 S8 rental, and 1 primary residence.

The question is, is there a way for her to use the money to buy a home (primary residence, not rental or vacation) without having to pay taxes on the "income"?

We can't figure out if we qualify (it wouldn't be our real primary residence - our rented apartment would.)

Sometimes I get calls from people about their primary residence, when the the target was their rental property.So for me, it seems marketing is what is working first and targeting second.

I ask this because these funds are ear marked for use in retirement, a long term investments and can be effectively used to leverage your return without having to re mortgage your primary residence.