If your accountant structures it right you should still be able to defer over several tax periods.One thing definitely - stick your buyer with a healthy pre-payment penalty since he's the one who's forced you into a gain recognition situation.

The FlipPilot team deserves recognition for the way they're doing things.Happy investing,Troy

If you like weekends off = purchase some 18 inch rims for your Nissan Sentra and up your system, Hope for recognition. 

This means to receive that max benefit the property would need to be purchased by the end of 2019 (otherwise there won't be 7 years before that recognition)If held for 10 there's a stepped up basis to current fair market value, which should make the gain tax free essentially. 

According to the town, "Seaside Park is particularly vulnerable to flood damage from hurricanes and other coastal storms...In recognition of these hazards, the entire Borough has been designated on the Flood Insurance Rate Map for Seaside Park as a Special Flood Hazard." 

But you and Troy deserve recognition in this post as well.

Refinancing or Tax-Free borrowing - When you refinance, you are able to borrow against the appreciation and increased equity of a property tax-free3. 1031 Exchange - A 1031 states that a taxpayer may defer recognition of capital gains and related Federal income tax liability on the exchange of certain types of property, including real estate.This deduction is valuable to investors because you can roll over capital gains from one investment property to the next and avoid being taxed until you sell your property4.

@Sterling Jaquith @Anthoney Hanks @Dawson Henshaw Section 121 exclusion, which allows for non-recognition of gain on sale of primary residence is actually far more valuable than 1031 exchange. 1031 exchange is only a tax-deferral mechanism, but Section 121 is a tax-elimination mechanism. 

Some of their IRR's seem through the roof and normally that would make me a bit nervous, however "Uncle G" does come with a lot of name-brand recognition and may be the most well-known expert on multi-family units.

I want consistent recognition with being able to catch my shows!