Unless you choose to remove the husband from the lease, they both remain leaseholders even if he is not living there.

Just remain wary of the potential consequences of operating in an anti-landlord jurisdiction: vacancy taxes, potential vacancy control, inability to remove deadbeat tenants, etc.Coincidentally, Jesse Vasquez posted "why your MTR isn't renting" on YouTube yesterday.  

Use MMR available at home depot. 1 product will kill the mold, but the stain remains, the other will remove the stain (super concentrated bleach w surfactant) so, you will need ventilation as it's strong. 

The $80k of depreciation recapture will be taxed at 25%, and the remaining $75k capital gain will be taxed at the capital gains rate (likely 15-20%).

., with high appreciation, you can use cash-out refinancing to buy additional properties with minimal additional capital from your savings.Lasts throughout your lifetime: For your tenants to continue paying similar rent, they must remain employed at comparable wages.

If I were you I’d spend more money on books and maybe $5-10,000 on education/mentoring and put the remaining $35-40,000 towards your first flip and in building a great relationship with a reliable contractor.

 Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses).

Lastly, when we sell the condo, can we keep the 75k + 4k renovation costs for ourselves, and then put any remaining money after the heloc is paid off into a 1031x to then invest in other properties?

Arv is about 800k so 75% should cover both and will remain cashflowing.

Without that designation, your K1 losses remain passive and can only offset passive gains.If you’re looking for a true tax deferment strategy, consider a 1031 exchange for future sales to defer capital gains by reinvesting in a similar property.