You have to give up half of the project, but you will gain valuable experience. 

@Steven Young, I have attended an auction (Dekalb county) and what I could realize is: As it is a redeemable deed State You gonna buy the property and only will be able to gain possession of it after a year (redeemable period) - also going to take some extra days to deal with the foreclosure process.

If we were to sell this property in 2019 we are under the impression that you will not owe capital gains on the profit if your taxable ordinary income is less than $77,200....?

My plan is to possibly refinance out of the FHA loan to a conventional loan to be able to purchase my next property and rent this property or stay in this home the two years to avoid the capital gains tax and just outright sale.

Now, if I'm flipping it, the principal and any gains from that deal need to go back into the Solo 401K.

Start building relationships with seasoned investors so you can gain the knowledge and skills necessary to begin in this business without harming yourself or a seller.

Hi there,I need some help deciding if I should cash out of my primary home turned rental property (located in Orange County, California) before I am on the hook to pay taxes on capital gains, and pocket the equity or hold it long term with positive cash flow and possibly a retirement income.

Think of it this way:  to make up for the $400 negative cashflow per month, you need to gain twice that per month in profit when you sell just to get back to neutral. 

There is no guarantee the price of the home will sit still so you could gain or lose there too.Just some thoughts.

A slight twist on this whole plan is we're only looking for businesses to purchase in Opportunity Zones (https://eig.org/opportunityzones) so that we can use capital from the stock market and defer the capital gains from that capital until 2026.Thank you for your time!