I am a 21 year old and I’m currently employed as a 1099 contractor (intern) for a digital marketing company and have been working there for a little over a year now (Haven’t filed taxes yet).

When you sell the property, if you depreciate it, you pay the recapture. 

Market in a MinuteEast Tennessee home sales decreased 7.8% from the previous month, and decreased 1.0% from a year ago.The median sale price was $371,250 — up 9.19% from the previous year.Total housing inventory increased from the previous year – up 38.3% from a year ago.Half of the homes sold were under contract in 20 days or less, up from 11 days a year ago.40.55% of homes sold for the asking price or above, with 18.77% selling for more than the asking price. 8.04% sold for at least $10,000 over asking and 2.88% sold for at least $25,000 over asking price.The sale-to-list price ratio decreased from last month to 97.5% – down from 97.9% a year ago.New construction represented 12.36% of total home salesData Deep Dive: How's the market?

Ok, so what, we all just sell the day before and buy back the day after?

It was in fairly good condition, and I KNEW I could easily lease it out, or lease sections to various business, or sell it for double or triple what I paid. 3 years later, having not even received an offer to lease AT ANY PRICE, I sold it for $25,000 LESS than I had paid.

i am a reo broker here in south florida and work with many current asset managers and several banks. we sell many reo properties. some of those lists floating around out there are dead end streets as so many bomb bard the asset managers with requests they dont even reply 1

And a little skepticism that the market would continue to grow at 5% or more on average (it's been ~7% average for the 8 years I've lived here)@Dave Foster I filled out the BP spreadsheet here for the sell or rent decision, and similar to you advice, selling and investing the profits in index funds performs only slightly below being a DIY landlord, making that seem an attractive option. 

Even if they don't catch you now, they will catch you later when you try to sell a 2.5 bath that is only a 1.5 bath and the lower bath needs to be removed and capped.

Charlotte is loaded with inventory are you sure this new build at Max cost is worth the headache versus a home selling for less that you can renovate yourself and increase the ARV?

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?