We need an aggressive CPA who can help protect our money from the tax man! 

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

As long as you filed joint taxes you would be fine.)

You will lose ALL tax benefits and owe all the capital gains that would have gone away. 

I did not see taxes taken out for profits.

It seems as though it'll be paid off before you know it. 

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

Add another $300 or so for taxes and insurance and you're at $2465 PITI. 

you need to dodge capital gains and foreign buyer tax.. you should consult a tax expert..If I was in this situation I would just sell (not advice) and buy a cash flowing mobile home park in the midwest

@Abigail Kingprimarily off market although, i've started to engage on on-market deals if i think they will fitvery difficult to find