The property is in a solid area where Neighborhood Scout puts it at the highest rating for appreciation, predicting 40% appreciation over the next 3 years, and we'd look to refi or do a HELOC in 3-5 years to realize that gain, and I'd probably buy them out with my portion at that time.

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain. 

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin. 

Starting to see the light, but this deal would be my first deal focusing on equity gain and appreciation. 

This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

I own a duplex in Tempe Arizona and looking to continue to gain experience.

I’m here to learn as much as I can from this community, connect with like-minded people, and gain insights into smart investing strategies.Looking forward to networking and soaking up knowledge from all of you.

Capital Gains & Exit Strategies: If I decide to sell in the future, what are the best ways to reduce capital gains taxes?

I think you will gain a lot there.