If there were some things that were done to show your intent to hold for productive use then the 1031 might still be on the table. 

For example, in 2024 if married filing jointly see table below.You could also do a 1031 exchange to avoid the taxes completely but have to invest all money into a like kind property of higher value. 

If you sign a buyers agreement on the purchasing side or a listing agreement on the selling side, it is a legally binding document and the agent has a fiduciary responsibility to work in your best interests just like you have a legal responsibility to make sure the agent gets paid at the closing table. 

I come from a data science background, so I'm accustomed to creating models to derive the incremental ROI of each variable.I hear some people saying "get the $10,000 hot tub", and I get that, especially if it's a "table stake" that your property needs just to be considered by guests.However, when thinking about less standard amenities, like putting greens, gaming rooms, billiard tables, pool toys, etc. what tools or methods do y'all use to evaluate if a given idea will deliver a positive ROI?

While I do believe it is important to have mentors (I, myself, am looking for one), it is important to not undervalue what you bring to the table.

What do you can bring to the table?

Hi BP,I recently purchased LVP for my personal residence, and due to my "type A" personality spent quite a bit of time researching options :-)  I made a table to keep track of various factors, and wanted to share it here in case it's helpful to anyone else.  

You can either pay or find one for free (which really means at the moment one does not have the capital to bring much to the table, but they have the hunger to get things done at a high-level showcasing commitment to the mentor).

If you are looking to partner make sure you ask yourself what do you bring to the table?

With your experience and track record, 20% equity seems fair, especially since you're bringing a lot to the table in terms of finding the deal, managing the rehab, and handling the buy/hold.