@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

I think you’ll find it incredibly valuable and gain a lot of insights from it.Being on bigger pockets and listening to the rookie podcasts have been the most helpful for me. 

I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term. 

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio.

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

I backed up, regrouped and went smaller to gain more experience. 

I gained equity in the property, and I got higher rents which lowered my living expenses while living there.

You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well.