McElhannon Sales price - (purchase price+ expenses) then multiply by long term taxable gains rate. 

You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.

Cashout refi seems to be a cheaper way to capture the post-appreciation equity before the next recession takes it away, compared to:1.

You can add Schedule C or Schedule E to your personal form 1040 return to handle taxable income. 

This gives you up to 25% reduction on your taxable value but not more than the prior value. 

The more you can GC and oversee the subs directly, the cheaper it will be.  

These expenses would lower your taxable income and further reduce your overall tax liability.

If labor is cheaper inyour market,it could be less.Its also good to know what discount margin buyers are buying your market. 

If you want financial freedom (leaving your W2), what you really want is time freedom and since you are single now, that is a lot cheaper than you might think.

.- It may be cheaper to see if you can negotiate a reasonable extension fee with your HM lender and continue to try to sell.DM us if you'd like to chat more...