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Notes -
Much better with the rewrite. It seems like a somewhat complicated situation. Since you're talking about the 2 in 5 rule, this implies that property A was your primary residence in the past - for at least 24 months of the last 5 years.
So you could sell both properties, and essentially choose which one to pay cap gains on. As only one property actually has capital gains, this is no problem.
It sounds like you've already fixed on selling property B (your current home).
As to Property A, you could sell within the next 1.5 years and avoid cap gains. But you're losing a 2.75% mortgage and good renters. Personally, it sounds like you have a good setup with this property, and you should just keep it. Rent will increase over time more quickly than your costs. And with depreciation, I assume the current rent income is mostly or entirely tax free.
When your tenants move out, you can 1031 exchange and avoid paying capital gains taxes. If you're lazy you can 1031 exchange into a triple net lease. This might be better than renting out your parent's lake house. The risks of renting to unknown people are pretty high in many jurisdictions right now.
Just my 0.02.
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