.- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)

@Kent Ford Before investing in any area of Texas I would analyze the last 3-4 years of property tax bills.

For sure get hard quotes for the reno and for insurance and property tax increases.

Are you looking for the property tax income or the property itself?  

What are some decent areas with low property tax and high occupancy rate?

I know if I use all the money towards the purchase then I won't be paying any taxes.

So he paid the tax's for 5 years then went to court and prevailed and ended up with the property.

Their cap rate is based (among other things) on the current property taxes that they pay.

@Cheri Banet, the amount you owe has nothing to do with the taxes you will pay. 

If you’re concerned about paying personal capital gains tax, remember that flipping the property means you’ll take the profit all at once, while with BRRRR, you can defer some taxes and have the property generating income.So, here’s what I’d do in your shoes:If you can make a decent profit flipping and then use that cash to roll into your next investment, you might be better off taking the cash, at least for the first project.