When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

Recently, more on the higher side since people can get 5% in a savings account. 

Ask family/friends to help boost the listing (likes, saves, photo scrolls) or even book it at a friend/family rate! 

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

That little piece of paper saved him a fortune in legal fees and stress.Gather Hard Evidence: You’ve already got a strong start with appraisals showing the property as a four-unit.

Potential buyers (good credit, income, and savings) holding off because of high interest rates.

@Catherine Javier If you find the property is more of a liability to you and ultimately decide to sell, the 1031 exchange would probably be the best way to take advantage of using the tax and find something with a greater growth potential.

Your 1031 will ultimately be only as good as the individuals directly assigned to your exchange.  

A capital improvement is not - it gets added to the basis which ultimately reduces the tax due on sale but it’s not tax deductible in the sense in reduces current income. 

This would save time and ensure a fair, uniform process for all applicants.