I haven't lived in it long enough to be exempt from capital gains, good point on that.

The investor has to be gaining cash flow or equity to make it worth it.

Your sibling can use a 1031 exchange to defer capital gains taxes on the sale of the rental properties by reinvesting the proceeds into like-kind investment properties.

If I do, I need to sell it by July 2026 in order to not have cap gains.

The decisions and actions you make today can lead to incredible long-term benefits, so it's great that you're starting now.A good starting point is connecting with a lender that aligns with your goals.

My name is William Taylor, I am extremely excited to be a Pro Member in the BiggerPockets community and ready to gain immense knowledge from all of the contributors.

I recommend you go visit a few times to network with local investors or find an investor friendly agent so you can gain local market knowledge, find off market deals and for things such as showings, picture taking or getting accurate comps.

I also wanted to benefit from tax saving before the years end with a new property purchase.

This deal proved to be the perfect balance of financial gain and personal enjoyment.

This will provide insight into making informed decisions and accessing the benefits that these properties offer.