If we wanted to sell it now, would we pay capital gains tax since we transferred it to our business?

Wholesaling might work if you find the right buyer who sees the long-term rental potential, but you're not likely to see significant gains quickly with the numbers you’ve shared.Given that you're cash-flowing well and have a stable tenant through August 2025, holding the property while pulling out equity to pursue other deals sounds like a strong move.

So, identifying the low hanging fruit identifies the most gainful improvements you can make. 4.

Just wanted to call attention to one thing:You mentioned, 'I make around $80k per year' and 'Looking to save for a year or two.

Since you and your wife lived in the condo until September 2021, you can sell it and potentially exclude up to $500,000 in capital gains (as a couple) if sold before September 2024.

Were issues with any of these items brought to your attention before the tenants put in maintenance requests?

We estimate that the property is nownworth $950,000 to $1,050,000 (based on comps) - we gained approx $500,000 in equity by converting this into a commercial property!

Gain two years of experience managing a rental.

While I’m just starting out and don’t have a portfolio yet, I’m committed to making my first investment in 2025.I joined BiggerPockets to gain the education, insights, and support needed to confidently make that leap.

After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?