With this type of YOY growth, you can re-invest you equity into upstate or OOS markets (i.e.

So was I incorrect in thinking that by incorporating I can defer paying capital gains taxes as long as those are re invested in another piece of real estate? 

There are many communities within each of these areas that run or allow nightly rental programs. 

Hey @Brett Sheeran and welcome to the community!

The exception is: When the 2 members are married spouses who reside in a community property state. 

Hi Ben, welcome to the community!

Hi Kyle, welcome to the community!

Thanks, Tiffany Palaskas  In my experience, one of my biggest regrets were selling a great cash flowing property in a college community.

Quote from @Dave Allen: Quote from @Zeke Liston: Quote from @Dave Allen: I'm in a bit of a situationMy wife and her parents are selling a duplex they own together.My wife is trusting me to re invest into cash positive investments.We could stand to take as much as a quarter million, and tax free since we lived in the property 2 of the last 5 years.What are some suggestions for markets that would provide cashflow?

If selling properties, a 1031 exchange defers capital gains taxes by reinvesting proceeds into another investment property, while Opportunity Zone investments can defer or eliminate capital gains tax over time.Long-term rentals should be held in an LLC for liability protection and tax efficiency.