Hello everyone, we know this post is a few months old now, however we are interested in the Ocala, FL market as well, primarily looking at LTR SFHs in the Silver Spring Shores, Heath Brook, or Marion Oaks neighborhoods.

Thank you for the thorough reply, I am not trying to scam- that is why I posted here instead of making her an offer that came across that way.

No problem.. what I did with my ridgeland and Madison rentals and I had bought 12 new builds for the Gozone tax bene's post Katrina..

Have your agent start to look for properties that will do the 1031 now.See my comments in recent post. 

Good luck and if you do end up doing this keep us posted on how it works out.  

Apologize in advance if this has been outlined before, but I read on different posts you can use hard money loans through Auction.com.

Adam - I know you posted this a while ago so things might have changed, but I'm invested with Broadstreet and have a relationship with some of their team so let me know if I can help in any way!

The markets you mentioned in your initial post in this thread are great markets, but they're all heavy on appreciation and light on cash flow.

For a rental property, the gain is subject to capital gains tax (15-20%) and depreciation recapture tax (up to 25%) on any depreciation claimed, unless the proceeds are reinvested.To minimize taxes, consider reinvesting the sale and insurance proceeds into another property under §1033 or converting the property to a rental before selling to claim depreciation deductions.This post does not create a CPA-Client relationship.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?