(Cost of construction and payoff of remaining loan on the home)1- selling the home as is would help on capital gains tax.

For example: your current interest rate, rental rate, expectation for appreciation, tax benefits, leverage and inflation protection. 

(Don't buy stuff just for the sake of lowering your tax bill, it's not worth it) HI Basit,When you say "You can try accelerating some purchases that you would normally do next year to be this year, but there's not a ton outside of the normal stuff" you mean stuff for my remaining rental property right?

My accountant said as long as I keep all receipts for proof the money was used for renovations then it would be fine.I'm also wondering can I put 20% down and put the remaining funds into a new bank account that is separate from my personal accounts.

If I can and house is worth way more than owned example(mortgage remaining is 30k house is worth 150k) could I take the 30k loan over and then pay the 120k on the side?

Remaining anonymous doesn't help much because an attorney will know how to track you down.

what it sounds like you are asking is illegal in many ways, section 8 laws, local laws, duel contract laws that conflict, there always has been also those out there looking to catch you breaking them,  avoid it, dont offer it, dont entertain it, there is leeway up if the tenant meets certain conditions, say need 1 floor rental, if not rent may be inflated over realistic market, which is what rented at not listed at, keeping in mind sec 8 market rents also include utilities paid, you can usually reach by email fastest, they have set chart, heat type, neighborhood etc, more than listings found online

No, the taxpayer needs to remain consistent "how you sell is how you have to buy."

However, it was just bought to my attention that the remaining 5 tenants are willing to be bought out. 

My plan was to put down 35% while she would cover the remaining 65%.However, the seller has requested to be in escrow for 45-60 days so that he can complete a 1031 exchange and use the proceeds to buy another house within that period.