That's 50% of the gain by the way, not the sales price.

@Wilson Pereira  I think it might be to his benefit if you set up more than one trust but what is the gain if most of your property is joint?  

(Cost of construction and payoff of remaining loan on the home)1- selling the home as is would help on capital gains tax.

Last year was my first BPCON and I gained so much value from it.

Buy and hold for long term gains How did you find this deal and how did you negotiate it?

Physical REI is not a paper investment; almost anyone whose invested on paper numbers I am willing to bet is showing a lot less than the reality of if it unless they took realized gains by selling(into the appreciation rate) or cashed out refi. 

Would refinancing now to simply gain a point (if that) on my current rate affect my ability to carry out one of these other strategies in the next year?

Just be ready for the challenges of managing properties remotely, which may require a property manager.Tax StrategiesSince you’re selling a primary residence, a 1031 exchange won’t apply, but you can still use the capital gains exclusion.

Since I'm new to co-hosting, I want to gain hands-on experience and better understand what's needed. 

From my understanding it's KFN's way of gaining a working trust with me, so I totally get that.