We will most likely do more smaller, internal deals before we file for a Reg D exemption for something larger and raise capital.

These are definitions meant to describe the requirements for the tax exemption.

Right now you have a tax exemption of $500k profit if you sell this house because it was your primary residence.

For the rent control, the main house is older than 15 yrs, but I assume the ADU has 15 yr exemption, and we just added 200sft to the main house, I guess it give the main house also 15 yr exemption?  

Shop your insurance aggressively, verify your property tax assessment and be sure you are taking advantage of any homestead or senior exemptions available in your area.You could also explore a reverse mortgage, if you qualify, as this is often the only option that can significantly reduce or even eliminate monthly payments with the loan repaid when you pass.

If a third party buys at foreclosure they do not get this exemption and owe the entire amount. 

I expect a compromise that will increase the homestead exemption, provide relief for seniors and maybe lower the school tax.

Selling a primary residence comes with a tax exemption that is substantial!

WHAT DWELLINGS ARE EXEMPT FROM THE CITY OF NEWARK UNDER RENT CONTROL LAW?

FHA has self sufficiency test so will only work in nicer areas on 2 units which exempts that test.