At the same time my wife and I are in the very beginning phases of building my family home.

Having time to do the work was the biggest benefit.

Reinvesting $700K defers most taxes, preserves equity, and allows continued depreciation benefits.

Lots of folks are pulling out cash based on the appraised value for their next projects and holding for a few years to benefit from appreciation. 

The deal was contingent upon 60 day due diligence and a clean Phase 1 environmental assessment.

They originally wanted to phase out STRs with deed transfer, but the complexity and lawsuit risk of that verbiage had them change to this. 

Encore, you would need a membership, if you purchase in the new phase (Spectrum ) they automatically come with the amenities (membership) included to your guests, but the HOA and management have other restrictions and all units come furnished with the same packages, so you can't make changes to have it stand out, which is what is really needed hear in Orlando since there is so much competition. 

Then Lowes phased out Olympic, and even with the paint code I couldn't get mixes that touched up.

Explore multifamily or out-of-state investments for higher yields.Setting up an LLC provides liability protection but has no tax benefit for you now.This post does not create a CPA-Client relationship.

@Samuel Kim - please contact @Chris K. privately and allow him to show you how you can benefit from this wonderful strategy that he implemented for his many health professional clients.