Starting, you should focus on properties that need light renovations. 

This requires the right renovation components and speedy make-ready after a tenant departs.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

We spent about $80,000 each on renovations and they appraised for $350k each.

Was the property completely renovated or will it need new roof and windows and HVAC system in 3 years?

Again this is based on no major renovation/improvements if the house was acquired in bad condition. 

@Landon Sheveland  don't think your renovations will overcome a bad location. 

We spent about $80,000 each on renovations and they appraised for $350k each.

While no renovations were required, Partner Driven’s market research, funding, and negotiation expertise added significant value.

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?