Normally on a flip you will have to pay capital gains taxes unless you want to defer them and do a 1031 exchange into a larger property. 

We bought this property as a 1031 exchange.

I appreciate the insight.

Thank you all very much for the insight and advice.  

No offense to any I'm just trying to get a good insight on how this will work as not all good deals have to come through wholesale or sheriffs sale.

I appreciate your insight.

Thank  a lot for your insight guys!

I want to use the 1031 exchange for this sale.My question: Since it is such a short time from purchase, is it possible to apply the 1031 exchange to the purchase of the 3 units?

With an eye to moving them with 1031 exchanges so you avoid tax on gain into FL when the time is right and you go for it actively and start playing in the sand box for yourself.

With an increase of about 7% over last year in Denver (https://www.cpr.org/news/newsbeat/colorado-springs...) and no contraction in sight, scheduled rent increases should continue to multiply that $2,600 of mailbox money forever more, or at least until your portfolio review.