This exemption is applicable if you've lived in the home for at least two of the five years immediately preceding the sale.For investment properties, a Section 1031 exchange, often called a "like-kind" exchange, allows the deferral of capital gains taxes if the proceeds from the sale are reinvested in a similar property.

Also curious if I can increase the sell price in exchange for them to get a lower interest rate?

Appraisals are "opinions" of value, it is not a precise science and as such, being the humans they are, appraisers vary in opinions.

Not looking to make a killing just want it to be profitable with appreciation potential.Need to do a 1031 exchange.

Here are some insights and advice to help you navigate your real estate journey.Fix-and-flip Points to Remember:Make sure you comprehend every aspect of the renovation process, including precisely predicting expenditures and adhering to deadlines.For the refurbishment process to go more smoothly, establish connections with reputable suppliers and contractors.Always keep an emergency money on hand in case something unforeseen comes up when renovating.Financing: Look into financing choices for prospective rental properties as well as fix-and-flip projects.

Maybe you own the well but have neighbors chip in on the costs in exchange for sharing the well water?

For us, large amounts of equity in a property have driven us to do a 1031 exchange into a larger property and thus increase leverage, cash flow and tax advantages. 

Happy to exchange notes for those interested in investing in this area. 

It is a very unique project and could provide great insights for an investor.If you are part of a real estate company and are interested in giving 15 minutes of your time in exchange for research, shoot me a message and we'll connect!

To precisely compute deductions and guarantee conformity with IRS regulations, it is essential to maintain thorough records of rental income and expenditures.