You may need some help with capital, or credit, or both.

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.  

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

If you’re selling and you’re going to buy another rental no matter what, if you probably do a 1031 unless you have almost no capital gain or depreciation capture.

Cut your losses and free up capital.

Do you need cash flow to build more capital for the next property?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

And it might not look very tempting when put together.This part is for anyone reading this who never comments: My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if everything goes wrong.