Partial 1031 Exchange: If you back out of the condo deal, you can still defer taxes on the portion already reinvested (the vacation rental) and pay capital gains tax only on the unused portion ("boot").3.

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me). 

Really depends on what you are looking for, your market, and how passive do you want to be.

This is like when a seller says they don't want to pay capital gains so they want 200k on the contract and 200k in a bag.

My partner and I would run and complete all construction and inspections.Has anyone had experience with this and if so, does anyone have a GC in TN that may be interested in this opportunity for hands off passive income?

Mine is to network and also to gain knowledge.

@Andrew MaturanaTo gain a competitive edge in the hospitality industry, explore creative ventures, Triple Net investments, house hacking, syndications, joint ventures, and leverage business acumen, networking, and resources.Good Luck!

Your old carpet did not become more valuable over the seven years you owned the property, even if you are selling for a gain.

However, once you start renting it out, those renovation expenses could be added to your cost basis, potentially lowering capital gains taxes when you sell.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $720,000

Cash invested: $463,183

Sale price: $751,100