I wanted to buy another house to move and rent out my current house within 2 years.I am happy to find this place so I can imporve my skillset as a landlord

@Sean Dillon I am also from Long Island and house hacked 2 of my 3 rentals there before I moved.

Purchase price: $525,000 Sale price: $575,000 I regret selling this property but was moving out of state at the time so it made sense to sell.

I just moved from Houston after living there for about a dozen years.

Because you are able to work remote, enhances the need for flexibility as I can easily see a time where you want to move someplace else because you can.  

As others have said a 1031 exchange, which allows for the deferral of capital gains taxes, is not applicable to properties held primarily for sale, such as a flip.If your goal is to defer taxes, you might consider holding the property as a rental for a period to qualify it as an investment property, which could then potentially be eligible for a 1031 exchange.

If so, you need to be moving 100 miles away, or else you'll be stuck with having to qualify while absorbing both mortgage payments entirely.

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If they had moved out without paying, what would you be doing?

I will then use my current home I am moving out of as a rental property.