Taxes 10k HOA is 9k The current owner never did short-term rentals.

I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

To defer all tax you must purchase in total at least as much as your net sale.

A common mistake in my area is to ignore Hotel Occupancy Tax.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.

Any tax pro who is familiar with REI will be able to help you.

The single biggest advantage of selling your homestead is that you can take all the Cap gain tax free if you have lived in the home as your homestead for 2 of the last 5 years. 

At a 37% tax rate, this creates around $117k in tax savings, reducing your taxable income from $700k to $583k.2.