Ps, big shout out to @Dave Foster for his 1031 support!

I am in Ocala too and would love to meet up or collaborate. 

@Dave@Dave Foster Appreciate the info!

@David McErlean, @Dave Foster, @Cody L.Thanks so much for your input!

@Dave Foster thanks for the reply, my goal is to delever my current portfolio, by extracting equity from my current house at a given interest rate to arbitrage business interest rate will not serve that purpose though it would help with overall cash-flow midly. 

You would have to reach out to your network in MI but if you collaborate with them in some type of partnership I think it might be a good first investment tool to utilize.You would minimize your risk by partnering, reduce your capitol expenditure, taxes and you'd have eyes andears on your investment.

Originally posted by @Dave Foster:@Ouman You, Anywhere from $0 - $850K  depending on all kinds of significant factors both past present and future.Whether or not it's their primary residence makes a $330K swing in recognized gain between depreciation and the primary residence exemptionIf it was their primary residence they could convert to rental and then 1031 while still taking the $250K in primary exemption.If not their primary then depreciation is a factor on one end and the nature and timing of the sale a factor on the other end.  1031, installment sale, late year sale with 1031 and a shift in recognition till following year...Costs of the sale could easily impact gain by another $300K.And of course any improvements at all other than the $200K??? 

Great Idea thanks @Dave Foster!

Would love to collaborate as I make my trip out in February. 

Kudos on snagging a sweet deal promptly through your agent, and your collaboration with Abigail Criteser sounds promising.