If you hold it for a longer term, typically 1 year and 1 day, you can use a 1031 exchange to defer the capital gains taxes by rolling the profits from the sale of the first property into the purchase of a second property.

Originally posted by @Logan Jones:Just wanting to hear people's thoughts on the renatus program If you perform a search of the forums, you will find several past threads discussing Renatus, some of them dog-whistling, some of them containing heated exchanges.During one of those "exchanges" a little over a year ago, I made a concerted effort to learn more about them and found it very difficult to obtain solid information (beyond promotional materials) from the organization itself (they wanted money first).  

One advantage for them is that as the exchange rates between sterling and the Euro favours them buying Pounds at a much lower rate than prior to the Brexit referendum of last year, they may be prepared to accept a lower market price in order to sell sooner.

There's an abundance of foreign money, 1031 exchange money, people cashing out of the stock market, etc etc.

The end of each powwow is often concluded with an animated exchange of contact details or business cards and perhaps even an agreement to meet over coffee at a later date.

If you cannot find a buyer willing to pay $50,000 or more, you should be prepared to purchase the property for $50,000, then continue to market it to your buyer's list until you can sell it.You exchange the $50,000 for the deed to the house. 

I am a General Contractor in Southern California, and I want to exchange my tool bags for clean pants with bigger pockets.

That would be an extreme amount and I would lose pretty much all the equity I've built up over the years.If I am correct and my cost basis is actually $100k, is my only option to avoid a huge tax hit to attempt a 1031 exchange, or are there any other options available?

I also like the idea of getting a new sink door in exchange for a damaged one. 

@Chuck Cirulli: Investing in exchange traded markets have a lot of exemptions built in for the IRA investor and it is primarily around the fact that you are working through an intermediary (i.e. an exchange) where the buyers and sellers are generally anonymous.