The numbers:Property value: $421,000Mortgage: $241,000Potential cash from sale: $154k (after fees)Potential gross rent: $2,100-$2,300 (used $2,200 for calcs)Potential net rent: $277/m (excluding equity gain on mtg)Estimated monthly costsPI: $1027Property Taxes: $233Home/Flood Ins: $112PM (10%): $220Vacancy (5%): $110Maintenance (10%): $220

Obviously, only makes sense to defer gains under 1031 if someone has more than the $500k capital gains that a married couple could already exclude.

Hello,I am planning to put my home on sale soon,This will be my first home that I am selling so I will be taking help from realtor at the same time I wish to be on the drivers seat playing active part in negotiations as well as which prospective buyer to consider as I wish to exclude offers from buyers upfront who after making a strong offers will negotiate for substantial discounts down the road.

If you exclude someone or something for every risk out there, your rental pool will be zero.

@Adam VendittiYou may have been better off staying in the house until the 2 year mark being eligible for section 121 exclusion.The tax on the excluded gain would prolly have been close to $10,000.With that said, if you sell for $310, you may expect 10% of the selling price to be gone with fees & expenses(seller agent fees, title work cost, transfer taxes, etc).

Gain= Sale price- Selling costs- basis of home If it's their primary home and they've owned and occupied it 2/5 years they can potentially exclude $250k if single or $500k if married of gain though.

My experience the carriers will usually exclude any claims (with regard to homes) if it was at a seperate address. 

Paying off a lease does not exclude the payment from your debt to income ratio as it is assumed you are leasing again.

For primary residence single tax filers, up to $250,000 of the capital gains can be excluded, but does Grandfather live there?  

Since you are transferring basis into the new investment, that will limit your depreciation since the gain is excluded.