"By terminating the AFFH rule, localities will no longer be required to complete onerous paperwork and drain their budgets to comply with the extreme and restrictive demands made up by the Obama federal government."

Funny enough, I was going to suggest you move out of SF due to the high cost ;-) I'd suggest going down the SF condo route to start as financing for commercial units is a lot more difficult than residential properties.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

No one wants creaky floors!

Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.

Needs to be at least 3bed/2 bath and no hoa.

It's residential use only (no farming) and I will be building a SFH.

With record low inventory and sales transactions there's no low hanging fruit.In this market we think the best opportunities are value-add (BRRRR'ish), zoning changes allowing density (ADUs), or seller financing deals (buy a lower rate).

The end product will be great, as others have mentioned perhaps in other threads, Delta has not increased any of the cost, so there is still a huge equity upside.

No matter how you're feeling, BiggerPockets flash tax books sale is happening NOW from Feb 25-27th.