Pay 20k capital gains tax or Re FI in order to own 1year+(1031)

[Jeremy Mulvey]

Hello,

I have a "flip" house that is nearing completion, Its a 5/2 split level and the market is pretty hot in my area. Purchased for 125k put approximately 60k in and will sell for 250-270k. I have a private money loan w/ a 1 year note for the whole 125k. My question is should I get a conventional loan so I can own it for more than 1 year(1031 requirement) or just sell the property FSBO and pay the taxes? Im not going to keep flipping to this extent anyways. My goal is to eventually own several rentals so that is actually and option with this place too. May fetch 1700/mo. But ideally Id like to rent multi family. Another option I have considered in doing a lease option agreement but Id hate for the market to take a turn by the time I sold. Any advice would be appreciated very much!

Jeremy