Selling yes. 1031 in a perfect world yes.If you can find a property and meet the time lines then yes.I have done a 1031 and it worked out great.I have also just sold paid the tax and put the money in the bank to have working capital to deploy on my timeline.

This translates to playing for appreciation, pulling cash out of the those properties and then re-deploying those funds. 

In 2009/10 after that last deployment America wasn't receiving veterans of the Iraq war well anymore. after that 7 year mark it turned different people at the airport spitting and ****. anyways , i wish i understood i had that available to me sooner or just understood what it could do for me .. would have purchased in 2011-2012 if i knew that. instead i took a different path before seeing "the light".I agree about it being a good thing this one got away. im still open to it but it'll have to be on my terms from the seller at this point . other than that though this was a productive thread. i learned a lot too. from slab foundations to errors in my calculations , plumbing , framing , haha Sine Note - Nice this got on the trending page.

Get yourself to the point that when you have enough capital you can deploy it with high confidence.

I personally have HELOCs against my portfolio so I can deploy cash as needed and then refi to get my cash back.

And by evolving into Out-State holding's, now your reducing risk exposure from diversification of market deployment. 

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

Whatever approach one takes, there always a risk of deploying reserve capital to acquire. 

Since it's due to deployment, you will be able to exclude your gain.

If i'm going to deploy 40 or 50k I want the best return on that possible.