If you'd like to ask us a few questions as we manage properties in the Grand Rapids area, feel free to ask all the "how" questions.

(In this equation, I am not considering taxes or insurance).

I've filled out the 1040 Schedule D Tax worksheet 3 times and each time have come back with it being taxed at the marginal rate of 32%, with no particular special treatment, based on the flow of that worksheet I don't see how it could be any other way.I have read many, many, many, many, many threads on this forum mentioning the recapture being taxed up to 25%.

But feel free to use these points as a benchmark.

Expenses will be allocated for tax purposes, and so on.2.

I have the bright investor free trial.

Aren't the taxes for investments treated similarly as primary?

Ask about free tenant replacement policy. 

I can ramble about this for hours, but whenever you're ready feel free to reach out I'm happy to chat further. 

Otherwise you would take title to the new property as two LLCs with one of you as the single member of each.You've got a very good scenario to get some of the proceeds tax free and defer the tax on the rest.