I am thirty-nine years old, married going on six years, and my wife and I have a 14-month-old.

I will be getting married in a couple of months.

@David Avetisyan If you sell your home for $510K and provide a $10K seller credit, your taxable gain is based on the net sale price of $500K ($510K - $10K credit), as seller credits reduce the gross selling price for tax purposes.Tax Impact in CaliforniaCapital Gains Calculation: Your gain is the net sale price minus your adjusted cost basis (purchase price + closing costs + capital improvements).Primary Residence Exclusion: If you’ve lived in and owned the home for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married) under IRC Section 121.California Tax: Capital gains are taxed as ordinary income at rates up to 13.3%.The $10K seller credit lowers your taxable gain.

Quote from @Angelous Ultionem: If you're married one fha loan counts for you both won't it?

I am married as well and her scores are around the same as mine.

Single you get 250k exclusion of taxes, married 500k exclusion of taxes on profits.https://www.irs.gov/taxtopics/tc701 

The people who stay successfully married put their marriage/family first.  

I have just under five rental properties and I understand the legal benefits of creating an LLC (married to a lawyer).

Quote from @Danny Johnson: I purchased 2 condos so that my two married daughters had a place to live.  

I have three children and have been married over 20 years as well.