Most standard MLS contracts now include a box check for 1031 exchanges. 

@Chris ClarksonYou should look into doing a 1031 exchange.

In a 1031 exchange, you must reinvest all $450k and replace any associated debt to defer taxes fully.

I’d love to exchange insights, explore deals, and help each other grow.Feel free to DM me or comment below.

@Tyler Speelman, A 1031 exchange solves the tax issue. 

I’m thinking about 1031 exchange , the town is a sleepy town , the same contractors and good tenants don’t last that long 

Let’s Connect and discover ways to Work together, exchange Ideas, and create Value for each other’s Goals.Thank you, and I look forward to hearing from you!

Battery Park City Exchange (New York City): The city of New York engaged in a land swap with the Battery Park City Authority, allowing for the creation of a new public school and affordable housing units in exchange for a parcel of land that was then developed into a high-value commercial property. 5.

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

The 1031 exchange rule to defer your tax is two part 1) reinvest all your proceeds and 2) purchase a property (or properties / DSTs/TICs) with an equal or greater market value.