.: @Travis Boyd you’ll lose more in interest rate increases, potential property taxes increases, realtor commission and other transaction costs than you’ll pay on any future cap gain taxes.

In a seller's market, home prices typically increase due to limited inventory, while in a buyer’s market, prices tend to be more negotiable.

I want to build a home on the property to increase value at some point.

However you have capital and experience which would be attractive to the right money partner.

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

Purchase price: $430,000 Cash invested: $85,000I bought the property partially renovated on the interior, then proceeded to do updates to increase value.

Some buyers don't want your tenants who may or may not have been screen properly but some buyers like the attraction of having income on day one. 

These strategic improvements modernized the home, making it move-in ready and increasing its desirability among buyers.

Property needed significant renovation to both units in order to make attractive to end tenants.

Unlike San Diego, the laws about rent increases and evictions and things like that are more reasonable for landlords, making those nightmare evictions stories and squatting stories less likely (hoping I never have to take advantage of that but still good to know)So i'd look for things like that if you can, good luck and do let me know when you end up closing an out of state flip!