Essentially, instead of selling a property and paying taxes on the capital gains, you can reinvest the proceeds into a similar property and defer the taxes.

It may end up being a loss or small gain, but most of them won't end up being a fire sale. 

Then you could choose if you want to move into that next house and sell your current home with some tax benefits.

That's where you will gain in cash flow. 

It will familiarize you with the basic terminology and benefits.

I think the biggest benefit of the AIA system really shakes out to be the effective & clear communication of the guidelines and procedures for construction management, which tend to be much more muddied in the residential world.

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

I would never buy a STR if the deal didn´t have either of the following, in addition to making sense as a STR: A. an obvious pivot (LTR, MTR) as my safety net if the market moves against me or B. have some additional RE benefit that would make it a deal using a different strategy ex.

This means you'll want to "write off" expenses related to a property you have in service because if those expenses don't benefit you this year they could in the future once you sell the property.We can get into a lot more details with the "if" "and" or "buts" BUT I think this would be the "simplest" answer without diving into your specific situation here.I hope this helps!