I could move that equity into other projects, including properties that would rent for more efficient rates (rentals in the 3/2 to 4/2 2000sf range here tend to go for about $2200-2400/mo).

It appears the issue was discovered and remediated quickly, so it's doubtful the tenant was exposed to anything in significant amounts or for long periods.

If you don't, they will work with you as long as it takes to make 50k and you keep all of the profit after the 12 month period.

@Mike Shahi Selling the home as-is seems the most tax-efficient option.

We could see less homes come on the market as well as duplexes that sit for longer periods of time before going into contract.

Hi Caleb,From our experience, when flipping properties the most efficient ways to spend your money are the following:Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. 

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

I found this deal through a relative, we negotiated without an agent through a period of x months.

I have maybe 3 or 4 states in mind, I am trying to see where I could move that would be the most cost efficient for me.

But you can shape your portfolio to become more passive or cash flow efficient or less exposed to local laws without having to pay the high costs of exit.  1031 exchanges allow you to move from any type of real estate anywhere in the country to any other type anywhere in the country.