@Matt Fore Yes it does have to be capital gain although there is some language that just references "gains" so we are waiting on additional guidance as to whether ordinary gains would qualify.I think the reason capital gains need to be invested into the funds instead of straight cash is that by recognizing a capital gain you are selling something which promotes economic activity (selling stocks, businesses, real estate, etc.)

He's a straight shooter. 

@Brian Ellis Straight up facts!!  

I know that it is pretty straight forward but I think I am overcomplicating it.So lets just say $250,000 is the purchase price with down payment of $50,000, $50,000 is the rehab cost, when done it would sell for $450,000.

Do you know anything about if I do or don’t...I’ve done a lot of research and haven’t gotten a straight forward answer.

It took a week or two to process if I remember right but was pretty straight forward otherwise.

I went straight for my brokers license over a decade ago.

It sounds like straight up selling will be your best option

If it is straight from the 1950s say so. 

Should be straight pass-through cost.