However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like. 

.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

Furnished Finder if near a hospital.You can always add more amenities but you would have to calculate ROI.Best of luck!

In general, selling an investment property triggers capital gains taxes, which are calculated based on the profit made from the sale.

Since Austin charges 11% hotel occupancy tax, should I include that as part of my expenses when calculating cash on cash return? 

Calculate the infrastructure cost to build and maintain per 1000 residents for:- miles of road, sidewalks, streetlights- miles of utilities: water, sewer, gas, electricity, internet- public services: police, fire, snowplowing, public works, trees and green spacesAnd then people complain about taxes.

I use Rentometer and AirDNA and the Bigger Pockets calculators.

The experts at BP were my 2nd stop as I wanted to confirm my calculations and assumptions on expected returns were in the ball park.I've been a member of BP for a while and you've always had great input.  

If you can invest at a higher return than your interest rate, I'd refrain from paying it off so you can continue to reap the tax benefits of deducting mortgage interest from taxable your rental income.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.