There is ALSO a Washington State excise tax of 1.78% (they don't call it a capital gains tax because it's on the ENTIRE sales amount. 

@Tracy Levy The skip tracer I use may be able to help.

@Levi Five O One Blues  RUN, don't walk away. 

So is "Lebanon Levi" :) - right Daniel Fisher?

From my topical research, Tennessee doesn't levy any state income taxes at all, so, acknowledging that I don't have all of the information, you may owe no state income tax.Also, I would like to clarify that failure to qualify to a 1031 exchange would be irrelevant to you if you qualify for the 2 of 5 year exclusion.

Appreciation is a bit riskier since it depends on factors we can't always control, such as school levies passing, business success, crime reduction, etc.In my opinion, it’s hard as a newbie to jump into appreciation properties, as they require a lot more initial capital to acquire.

Proper HOA Reserve Funding will determine whether or not your fees make a dramatic increase or a Special Assessment is levied in the near future, both of which will immediately, and negatively, affect your investment planning.

It would probably be months before the gears that have to turn within the IRS bureaucracy got to filing something like that - unless those gears have already ‘turned’ and you have been given notice of the intent to levy your property.  

@Karin Levi - Good question!

I'm Levi Wittenberg from Silt Colorado, passionate about real estate investing for the next 20 years.