Now, Austin is now becoming California, but if you live here and are renting then you have better options as an owner occupant, than as a pure investor in Austin.If my Assumptions are fairly accurate, then listen up, if not disregard.Buying a new built house in Austin on limited funds, hoping to sell it in two years so that you can make a tax-free profit, is NOT A GOOD STRATEGY!

With STRs, you should be less leveraged due to the volatility in bookings especially in pure seasonal play one's.

Not a commercial because no one is getting paid. purely investors help investors. https://www.meetup.com/investing-in-texas-real-estate/events...

Then you would need to look at the pure cash flow play of what type of rents can you get and is your cash flow return adequate to make the deal worthwhile, even if the residual value isn't there in the short term.

@Noah Condon unfortunately you can't use the 1031 for a pure flipping model. 

Investors who want to invest in Mexico will do it either because they want to have a property that they can use (part time) for themselves or as a pure investment.If you do a syndication or go for crowdfunding, the investors will own shares in the project and it will be a pure investment; they won't own any unit within your project.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

Here's a little insider tip:  🪙referrals are pure gold for growing your real estate empire.

the ED medication was pure spite to embarrass the guy, no way he's spending a majority of his funds on that.

I got 100,0000 cash and sold it for 1 million dollars in pure profit.