But as long as you're in the right area for the type of tenant you want to attract to its not that bad.

With an interest rate like that I'd seriously consider finding a way to hang onto it and rent it long term even after moving.My wife and I sold our first home in dublin OH in 2018. 

My career has been centered around helping businesses scale through strategic sales initiatives, but I’m now channeling that same drive into real estate investing to build long-term wealth.My wife and I are in our early 40s, both work full-time, and are raising four amazing kids.

A little cashflow, some tax deductions to kick down the road, long term appreciation and loan paydown.

LLC Taxation for FlippingSince you’re flipping the property in under 12 months, the IRS usually treats it as ordinary income because it’s considered a business activity, not a long-term investment.

I’m a short-term rental host, owner, and operator, and I do a lot of STR/mid-term rental investing and management.

Any surprises in terms/fees?

@Meghan Carson i'm considering long term rentals and am not opposed to turnkey.

I'll share for myself real quick - Mine is fairly straightforward - all long term rentals, filing single. 

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.