Quote from @Joe Mills: You are exempt if you meet one of the following requirements:Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at onceIf those don't apply, then you must abide by Fair Housing and you must make reasonable accommodations for people with assistance animals.

I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.

Your only real question here is how much additional equity can you earn before you sell before the rate resets and before you lose your capital gains exclusion, versus the opportunity costs if you sold and cashed out now.

If you’re exploring options, look for a system with an API that connects to tools like Zapier or Make.com.

If I sold, it would be 90-110K to use. 

Thanks for being a pro member, and now we have to figure out why you weren't aware of this awesome new tool! 

Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions. 

Bonus point, if you could share (in a DM) approx how much you pay annually for your quad home insurance, so I have some idea about the market rate there I recently sold a 4-unit that I used to own in Columbus.

Property had lots of repairs needed and sold as is.

The updated property sold for $121,000 on 11/8/2024.