First-time poster long-time reader here.In short: My husband and I finally pulled the trigger on our first Flip investment here in the Tampa area.

The purchase price is $410K.Should I go for 15%, 20% or 25% down payment, taking the current high interest rate situation into consideration?

Also you risk triggering the due on sale clause when you move a mortgaged property into an LLC.

Hey John, To break it down for you: Capital Gains Calculation:For the 33.33% Interest Acquired via Quit Claim Deed (November 7, 2015): This portion of the gain would be calculated as the difference between 33.33% of the sale price and the original purchase price of $52,700.For the 16.66% Remainder Interest Acquired on November 17, 2020: This portion of the gain would be calculated as the difference between 16.66% of the sale price and the fair market value of the property on November 17, 2020 (the date of Person A's death).For the 50% Remainder Interest Acquired on January 17, 2023: This portion of the gain would be calculated as the difference between 50% of the sale price and the fair market value of the property on January 17, 2023 (the date of Person B's death).Consideration of Home Sale Costs: Deducting allowable costs associated with the sale (closing costs, repairs, etc.) from the total gain to arrive at the taxable capital gains amount.1031 Exchange as a Means to Defer Capital Gains: You're correct that a 1031 exchange could be utilized to defer the capital gains taxes.

Are there other family considerations to be in one city or another?

It sounds like you're facing some significant financial considerations with your rental property in Corpus Christi.

It's essential to weigh the potential benefits against the additional responsibilities and considerations involved in renting to CMHA tenants to determine if it aligns with your objectives.

I just had a similar situation where I raised the rent on a unit somewhat significantly to a rate that was better for me but still considerably under market value.

This can trigger unfavorable tax rates when the property is sold, plus there are potential loss limitations, transfer issues, distribution problems, etc.  

The STR provides a much better return than the average return of our LTR's, but it requires considerably more effort and oversight.