The IRS has challenged simultaneous "drop and swaps," so allowing some time between these steps is advisable.You hit this right on the head with your answer with TIC.You could also potentially do a Exchange Post Distribution (Swap and Drop).

Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.

I want to be able to find potential markets/listings nationally based on the return. 

You will go through a lot of bad potential renters before you find a good one. 

I wholeheartedly believe in the end you will come out ahead, but you must be prepared to weather potential storms with the strain of limited to no cash flow, which can be challenging. 

.: Any idea how far south the potential for Santa Ana or similar winds goes?  

Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.

I recently relocated to Arizona, drawn by its rapid industrial growth, particularly in high-potential sectors such as semiconductors and electric vehicles.What I Bring to the Table:I have hands-on experience as a real estate agent during my college years and am currently exploring opportunities to transfer my license to Arizona.

Since your basis was incorrectly set, you may be able to deduct up to $25,000 in missed depreciation, potentially reducing your 2025 tax bill by $7,500 at a 30% tax rate.

I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets.