awesome tip @Brandon Vukelich on leaving a vacant unit!

When I look at the equity and the 15% Capital gains tax bracket I would likely be in, I would avoid ~$24,000 in taxes if sold before Aug. 2025.- I am aware of my 1031 options should I want to sell and defer taxes beyond that 3-year date (and would need to continue to do so until death if I wanted to avoid those taxes instead of just defer them). - I believe the current rental situation I have is better than the property warrants.

Remember you are exempt from excise franchise tax if you file an exempt form.This post does not create a CPA-Client relationship.

Can you either rent out your current property if there’s been little/no appreciation, or sell it tax free?

I've been working in this space for a while, so I can definitely share some insights, tips, and even some lessons learned from my own experiences.Whether you’re curious about neighborhoods, market trends, or just how to navigate buying, selling, or investing here, I’m happy to chat.

Let me know if you need any tips on working with contractors or setting expectations.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

How do you pay for the tax and insurance?

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

If you never sell, (you will it to your offspring) you never pay tax and they don't pay tax.