I currently work for a very large medical products company as a Project Manager for our Chinese Manufacturing facility.  

Originally posted by @Jay Hinrichs:@Brie Schmidt  was thinking that could be a major help when house hacking.. like in some states the difference in tax's can be 50% No... in 2013 it was a $478 exemption on a $5000 tax bill and 2014 was $493 on a $7500 tax bill

We asked a CPA for advice and they told us that if we can satisfy a transfer/sale of the property from my father in-laws name into ours, we would get a $250k tax exemption. 

There is an automatic 25k exemption but some county tax collectors still require you to file a form to request the exemption.  

He is a VP at a large consumer office products company and I am a project manager at a Fortune 100 Medical products company.  

Medical bills?

You've got two more years before you lose your personal residence tax exemption so you don't need to rush.

Is the space large enough and positioned that if you were to contact a lab corp or a ct scan franchise company and provide them with lower rent, to latter attract doctors turning your office space into a medical office building to achieve greater returns?

Deciding to apply to and go to medical school last minute was the best decision I have ever made!

., medical expenses, paying tax debt, etc).