:)   Just kidding of course.Call the IRS business line 800-829-4933, put it on speaker and do something while holding for an hour.

Pete, he may be all about his family ad kids, just not anyone else's family and kids.

Are the kids walking around the living room? 

My vision is to keep it a while (it’s paid off) and use the cashflow to help with my kids college.  

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

Some of the family-business real estate companies are starting to move from the (typically) patriarch who started the company in the 90s into the kids who are in their early 40's +/-.  

This can also be triggered if they have kids or what they perceive to be valuables in the home that have not been secured.It can also relate to how you conduct the inspection.

Four kids in one room and the baby in our room.

Any leftover gain is taxable.The $150K left after paying off expenses isn't directly taxed.