If so you could qualify for the 121 exclusion and take the first $250,000 and $500,000 (If Married) of profit tax free, and put it into your next investment property.

In 2024, individuals with MAGI of $103,000 or less (or $206,000 for married couples filing jointly) pay the standard premium.3.

When purchasing your mother-in-law's house through seller financing, since the property qualifies as her primary residence, she should be able to exclude up to $250,000 of gains ($500,000 if married) from taxable income, so capital gains taxes are unlikely to be an issue given the sale price is below the tax basis.2.

Hello y’all,I’m going to marry my fiancé in October this year.

My rural property was bank owner, but since the PO was married when he signed the deed in lieu they needed to go back and get his ex-wife to sign off. 

Partner #2 married couple:  W is the buying selling RE agent on every house in LLC and Husband oversees contractor/project.   

I believe both (married couple) are actively working.

"Date the rate, marry the property."

My recommendation is sell and take up to a $500k TAX FREE PROFIT (assuming your married).

He was married and struggling to make ends meet.