I aspire to connect with others and gain knowledge about the BRRRR strategy and multifamily investments.

I’m a hands on type of person so I will be focusing on properties in and around Tampa, Florida so that I can be up close and personal and learn as much as possible.I’m excited to be a member of this community and I look forward to exchanging ideas, strategies, and gaining knowledge from all of you as I dive deeper into this exciting world of investing.

You presented a perspective I had completely overlooked.Would you still recommend negotiating a lower purchase price vs cashier's check on closing given that we're in a higher income tax bracket and thus capital gains tax could come into play in the future? 

I am a high-wealth earner with years of employment ahead for me, so I will not feel the weight of this loss other than shame on me for not appreciating this risk better before committing.

If you want rental property, you could take that equity and buy several houses better suited to renting.Selling now makes sense because you can also avoid the capital gains tax because you lived in the property 2 of the last 5 years. 

You get 500k of tax free gains on sale of primary home.

But then wouldn’t I be losing all the gained equity in our primary home?

Cost segregation is excellent for STRs because you can take it to offset the terrific gains on this type of property as well as off-setting it against W2 income if you are materially participating in its management. 

This is the perfect place to connect with like-minded people, gain insights, and grow in your real estate journey.

When investing in high cash-flow markets I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.