I'd look at land value and land development to capture substantial upside, I'd look at 50+ unit deals for entitlement, I'd self perform land acquisition and land development in a midwest market like columbus that allows for substantial gain and represents a more stable long term growth, but when you break down the industry new construction is very stable you are already doing that by just working in new construction. you'd essentially be the developer on a larger deal you could do that in one deal. lol 

Adding additional assets, a familiar market, buying a house "for free" as I call it, and gaining experience with lower level of risk How did you find this deal and how did you negotiate it?

Pay off the promissory note when you sell and put all of your gains into the new property which will defer your capital gains.

My other options appear to be limited and would most likely renovate, sell at ARV , pay cap gains and then reinvest the proceeds into hard money deals or commercial RE… Thanks again guys ….

I would be looking for a deal right now where you gain $100k to $300k instant equity and cashflows. 

I have them on Airbnb but get very little traction there; its not set up for RV only and lots of questions come in; they think there is an RV already.  

You may consider investing in a 2-4 unit with a DSCR just to get started and gain the experience.

Because my current property has a $150K mortgage, I would either pay cap gains on that pay off amount at closing or...2.

You also avoid the capital gains tax by living in it for two years.

Normally, they would have zero tax because of the capital gain tax exclusion on primary residence, known as the Section 121 exclusion.