Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.

You'll pay:6% or so in RE sales commission: $20,400Payoff of a 216k loan to lenderRecoup your 40k for loan costsThat leaves 63,000Short term gains tax 40% (25,200)You net 37,800. 

You've built something up to the point where you don't want to lose it, and house hacking is a phenomenal entry point with incredible tax benefits. 

If he has properties, look them up on the tax records and see.

He has suggested that to defer taxes I first transfer $150k from my current Roth IRA account into a new Self-Directed Roth IRA custodial account that I will open. 

If they owe them past due moneys, they will be willing to owe you too.

When you price out the Principle interest taxes insurance and any HOA the rents in most states won't cover the payment unless you have BIG down payment or equity. 

take that an no great weather issues and some of the absolute lowest prop tax's no income tax and now a company that can deal with squatters the way they should be dealt with.. 

We have 3 airbnb’s in the Tampa/St Pete area and property taxes with insurance is reducing our returns.

Hi guys,We have a home worth 650k, we owe 350,000 in a place where we couldn't afford to sell and buy another property (got in 2021, the 2.8% interest rate and before the crazy NW boom in Idaho.)