Some of our clients have opted to pay capital gains tax on a portion of the proceeds and use that money for the renovation.Not all purchase contracts include the 1031 exchange language.

Appreciate any insights and thanks for all the contributions already out there in the forum.

Cleveland is amazing for cash flow.Hi Remington,Thank you for your insight. 

Would love to hear from anyone who's been in my shoes or has any insights to share.

They may offer insightful information, support you in seeing prospects, and walk you through the buying process.Ultimately, your financial objectives, risk tolerance, and personal tastes will determine whether you want to investigate investing alternatives elsewhere or take up house hacking in San Jose.

@Wayne Brooks thank you for the insight!

This realization has prompted me to actively explore my options rather than procrastinate.I eagerly anticipate your insights and suggestions on how best to proceed.

Which makes us concerned about investing such a large amount of money.I would love to hear some opinions on whether or not I should jump on this opportunity.We appreciate your insight and expertise!

Gain information and actively participate in the real estate business.

I'm seeking insights on whether pursuing property investment under these conditions would still allow me to utilize accelerated depreciation effectively or if there are alternative strategies I should consider to maintain my financial strategy amidst rising interest rates.