." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

Just be prepared for a learning curve and stay adaptable to new challenges.

This has become challenging due to an increased interest in the historic district in Dubuque due to revitalization plans that include 18 million dollar investment into the historic downtown area. 

Challenges?

It was a challenge How did you find this deal and how did you negotiate it?

If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.

The more challenging stipulation is you would need to use it more than 50% of the time for business use (and you need to log the miles to document that).  

Quote from @James Wise: Quote from @Timothy Franklin: Hey all, I'm new to wholesaling and my first deal is proving challenging, I'm looking for advice or potentially a j/v on dispo.

Reread what @Stuart Udis wrote.We can testify to the same challenges after 25 years in our marketplace.We also agree with @Kristian Sexton about starting with a PMC.

Instead, focus on learning their plans, challenges, and openness to selling.5.