I will reinvest all of the funds from the anticipated 600K sale (less 35K in selling costs).

The limit is applicable so it doesn't count toward the doner's lifetime gift-tax exclusion.In theory, if the doner doesn't anticipate to have an estate near the lifetime exclusion, they can gift more, they would just need to file a gift tax return, where normally no tax would be paid.

And we've done it with the stock market almost fully recovered back near ATH's, the housing market staying strong despite huge changes to interest rates, etc.Maybe it's all a mirage and one last hurrah to hold on before the big crash everyone has been anticipating finally does come, and I've been a bit of a doom and gloomer myself, but I think if you'd asked a year ago if it were possible to get back to 3% inflation in a year with the stock market within 5% of all-time highs and housing prices still within 5% of the peak every single person would have said it was impossible. 

Time will tell after closing with the current tenant, anticipate a good exit.

We've seen it before, like 2008-1011.Chris-  Thanks for all the feedback (Sarcasm) ;)The only other thing to mention would be that there is a special assessment anticipated in the next few years which is estimated to be around $10-15k. 

We've developed a workaround in anticipation of this. 

I anticipate having more detailed information on this front by next week.Once again, I appreciate everyone's input and am looking forward to exploring all options to maximize the potential of this property."

And I am trying to figure out what I should anticipate and how I should counter.

Please feel free provide your thoughts and advise.Thanks in Advance Hello Ahamed - You mention SFR and 2 cities, but to give you better answers, can you please explain your top priorities for the investment and the anticipated holding period?

Every state and country are different though which is why it’s important to talk directly to them to figure out their methodology and the anticipated taxes based on your purchase price.