Im leaning towards option 2 because option 1 will be too costly if the pipes freeze, heat exchanger of the furnace crack, etc and there's no guaranty she will pay for the repairs.

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

The ultimate tax hit is at most $5k (20k * max 25% tax rate) and it's probably not worth it to 1031 exchange for that little of tax deferrals.

Cash purchase, 1031 Exchange How did you add value to the deal?

I have it all set up for a 1031 exchange and I am now under the 45 day countdown.

Then I will sell and usually use a 1031 exchange to trade up.

I BELIEVE you can only exchange the real estate portion of your business.

Today you emailed Investor Relations asking us to make an exception in exchange for you to remove your reviews. 

I don't hear a goal in your question, so I assume you just want a better return, which means you should look for new investment properties that will perform better, then you can do a 1031 exchange to move your equity.4.

I bet we would have made around $100k as a wholesale.