However, if this is our primary residence for at least 2 years after they gift/transfer ownership to us, would we be in the clear of owing on capital gains taxes up to $250k per person (or $500k total)?

This year I am looking into moving into commercial sized multi families (5+ units) and just so happens that an interesting property went up for sale around the corner from my primary residence.

What is the tax filing requirements for FLFor 4 and 5 I suspect Ohio will need a non residency filing and the income will be taxed at the state level in Ohio.

You are right, if your house was your principal place of business, you could deduct the commuting expense going between your residence and another work location IN THE SAME TRADE OR BUSINESS. 

I could use your help with the following two questions - How do I enter depreciation on my taxes if my property was used as a rental, then my personal residence, then rented out again in the 2017 tax year?

As long as your mailing address on your bills is that address and you claim that address on property taxes for your homeowner exemption (may vary from state to state), it's considered your primary residence.

., going from about 45 percent of residents who rented in 2006 to 56 percent in 2016.Click on the slideshow to see how each of the 50 largest metros fared in an increase in renters from 2006 to 2016.Memphis also had the lowest median rent out of the 50 largest metros — $835 a month in the Bluff City versus $1,440 overall in the U.S., according to Zillow.Another research firm, SmartAsset, recently figured the average monthly rent payment in Memphis to be $769.While more than half of Memphians now rent housing, that figure is still well below the more than 60 percent who rent in Miami, New York, Los Angeles and in the San Francisco Bay area.Of the top 50 metros, 29 were comprised of majority renters (more than 50 percent) in 2016, up from 16 cities in 2006."

Add a Business HELOC "Line of Credit" on your personal residence. 

Where are they coming from, if a private residence you could increase deposit for lack of rental history.

I have owned multiple SFR but all primary residence.