From what I understand of Opportunity Zone Funds, you can invest ANY capital gains into it not just ones from real estate.

I do listen to excellent podcasts on Bigger Pockets and am currently in process of doing my second "buy and hold" deal most probably in Jacksonville FL.To all my knowledgeable friends here,  I want to say you do a  "Great Job" teaching others (through discussions) so that Real estate becomes a joyful adventure where newbie investors like me can gain from superb advice !!

The units are not in a LLC/legal entity and are in an urban area (C+ to B-) area.thanks,

@Manuel Naranjo As long as you didn't use the home sale gain exclusion on another property in the last 2 years, you should qualify for the full exclusion.IRC §121(b)(5)(C)(ii)(I) states that otherwise nonqualified (e.g., rental) use would not include any period after the last date that the property is used as the principal residence of the taxpayer or the taxpayer's spouse, so it essentially doesn't matter that it was a rental from December 2014 - June 2017 for purposes of the home sale gain exclusion since the last date you lived in the property as your principal residence was before you rented it out.Depreciation recapture is another story.

Tenant screening: Hi everybody, was going over background check for applicant and while looking up a judgment in the circuit courts i notice three cases against him first one was in 2008 for carrying a firearm at the age of 18, second one was for a DWI in 2010, and third one was for a pending trial that is for DWI and carrying a firearm in 2017.currently the applicant meets all my minimum qualifications and am not sure if i can legally deny him due to my finding.

Just because you do have a gain on your adjusted basis and it does not sound like it was your primary residence, and able to avoid any gain.

Here's the scoop:The house has been a rental for @ 6 years with decent income; clearing @ $6k + annually; no mortgage; current market value @ $160kI have probably broken even at this point with initial cost and all (many many) upgrades;  have no idea what the tax situation will be if I sell; would not be able to use 2 year personal residence - no cap gains rule.  

Due to me not being able to enter a legally binding contract I don't think I can really start this until next year, but I want to put myself in a position to get an educated start out of the gate.

Is it legal to turn study/library rooms to a bedroom?

Turns out the three unit was not a legal three unit, but a 2 unit with 1 unit of commercial space.