The last Liability only policy we did was 7 Single family rentals in FL, $1M of coverage for $1,700 per year. 

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

The mortgage insurance on FHA loans cannot be removed for at least 11 years without refinancing.

I’ve been paying it on my own for 3 years, since the loan was started.   

How have you been making payments so far, to a servicer or directly to the seller? 

I won’t pretend to be an expert by any means as I have only been at this for 4 years and have 5 properties, but I thought it could be helpful to share actual numbers and different ways to look at them.

To be considered an investor (and possibly get long-term capital gains rates), you’d need to hold the property for over a year as a rental or investment, not actively flip it.Check out the IRS guide on rental real estate and capital gains for more details: IRS Rental Property Tax Guide.You might want to talk to a CPA who specializes in real estate to see if there are any strategies that work for your situation.Good luck on your flip!

You are going to need to see their tax returns to see if they are telling the truth.And what is the interest rate that they are offering you?

That's correct and having access to the mls 

And the ONLY people being foreclosed on have to have purchased very recently and have zero equity.