@Amy FalsonWelcome to the community and be ready for a huge amount of information at your finger tips.

The house is in good condition, AC and roof are 5 years old.Generally I keep $2000/year towards maintenance when I buy houses that are 5-15 years old in this price range.

I hit 2 years at this home and tried crunching some numbers to see how much I would need to sell my current home for to break even with escrow/interest/reno costs.

Depending on the investment and your current knowledge, this can take from 2 to 20 hours of research.2, Spend $400 - $600 for 2 hours consultation with an attorney who specializes in real estate IN THE STATE that the underlying property is located in.3.

Quote from @John McCarthy: I discuss this in my book.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Wishing you all the best in this next chapter!

This is technically a method of buying/selling real estate, which is illegal without a real estate or law license. 

If so, how do I get around this or at least make it to where only the rental income from the property is taxable locally? 

You bought this for 720k, then put in 463k, and are selling it at a huge loss for 751k?