If my math is right, I'm not sure we would want to cash out...Purchase + Cap Improvements: $2.1MMDepreciation: $380KSales Price: $4.82MMCap Gains after fees / expenses: $2.48MMThese are the top bracket taxes I came up with:Paid on the $2.4MM:- 20.00% cap gains- 03.80% Medicare surcharge- 04.63% Colorado state taxPaid on the $380K:- 35% Depreciation RecaptureDoes the $380K get added into the $2.4MM for a computed MAGI of $2.8MM, so we are paying taxes multiple times on that money, or not? 

@Peter Yang as @Bettina F. mentioned I would recommend a property manager, especially if you are out-of-state.  

@Sean Yang An alternative would be to look to raise private lending monies.

It may be earned income and may be AGI or MAGI.  

@Wei Jie Yang I manage the property myself.

@John Yang, you have to be original and post not only daily news and promotions, but some useful information as well.

This is not the same thing as "The IRS believes you can't actively manage rentals with a W2 job".You can have a full time job and still qualify for 'active participation' on your rentals and possibly use some of the passive losses to offset your W-2 income if your MAGI is below certain thresholds."

Of course there is a yin to every yang i.e. hackers....Kudos,Mary

My wife makes 130k, I can only write that full 12k off against her 130k if I continue to be a real estate professional, because if its a passive loss, we are phased out down to 10k allowed losses (25k minus 50% of 30k) - unless of course we get her MAGI down far enough to allow my losses without being phased-out, in which case I don't need to worry about being a RE professional anymore.That all sound right?

@Kevin Yang glad to see that you are on BP looking for advice!