You can indefinitely defer the tax and use it to purchase nicer property/properties, as well as not have to recapture any depreciation.

Purchased a little too high at the buy (I knew it at the time too), does a little better than breaking even on cashflow, and took too long to rehab.

This is my first purchase, where my intent was to install recessed lighting all throughout the house.

Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.

Best toilets I've purchased. 

refinance our own home with some money down + purchase another flip? 

Why do you think purchase contracts are so long and have such small print?

But I purchased land in cash and leveraged it to build a new construction stick built home.

(You said you could purchase them $20-$15,000 below market value. 

This could allow you to use the full amount for purchasing real estate without needing to sell your stocks outright and incurring significant tax implications.