You also have the option of paying NO capital gains if you sell it within 5 years after move out.

As a result, I'll be selling my house and using the gains to put a down payment on a secondary house next to my current rental property.

IRS Publication 537 outlines installment sales (seller financing), which, depending on the seller's individual circumstances, can defer and sometimes reduce the amount of capital gain tax owed. 

Hi Monique,I'm a local rookie investor and had tons of inspiration and knowledge gained from networking with other people, podcasts and reading tons of material.

Financial Planning: Gain a clear understanding of financial performance to aid in creating a robust investment strategy.3.

No option but to sell to stop hemorrhaging...After selling can I deduct losses (including passive losses) against other capital gains or ordinary income by 3K?

@Gustavo DomitThere is a lot that goes into determine whether someone should sell including what they will do with the moneyOne thing to note is the capital gains deduction for your primary residence will expire in the future then all gains are taxed- so something to be aware of

If I sell this property after making minor cosmetic repairs, the gain would be 50-60K.

Having a call with the team to gain clarity and directly answer your questions is the best thing you can do! 

Honestly, I'd talk to a good CPA or estate planner about starting to sell off some of the properties while trying to reduce their capital gains taxes.