Just rent the property until you turn 55...at least you'll get some tax benefits unless you don't want to be a landlord. Or speak to an attorney to work out the unique details of your situation so you have a firm grasp of what your rights are relating to this property.
And you could also work out an exchange, or in some communities rent the property to someone over 55.
If you need to speak to a local attorney, try David Esposito in Manahawkin. He's handled many of my real estate closings in southern Ocean County, is familiar with all the adult communities; Pheasant Run, Pinewood, Brighton, Mirage, Heritage Bay, etc.
David has also handled a lot of other issues for my clients in Waretown, Barnegat, Manahawkin, Little Egg and Tuckerton. His number is 609-489-0100.
Keller Williams Realty Atlantic Shore
I think you really need to speak to a Real Estate attorney.. one that has knowledge of the 80 / 20 information that you ahve been speaking about. Don;t be nervous about speaking to an attorney.. I don;t think the feee can be that much to get help and have him/her inquire about the property.
Yes, you can find someone with a property as you say and "switch" .. but again.. you are going to need an attorney to help you with that swtch...
So, I guess the gist of what I have been saying is to get an attorney in the area that can help... I can refer an attorney to you if you like... send me an email.
Broker / Manager
Orange Key Realty