Other things to consider - do you need cash flow, do you need cash out of the sale (which will be taxable, but could do a partial 1031 exchange), what will you buy as replacement property on the other side, do you want to manage real estate on the other side or have totally passive real estate...If you’re considering an exchange, want to be hands off, and are an Accredited investor, you could exchange to a DST (Delaware Statutory Trust).

I will officially own the house within the next year and plan to sell it; will the profits be taxable?

Potentially that entire difference of $150K is taxable. 

The taxable value is $331,400 (somehow up from $82,000 in 2016), and is pretty much entirely land.

Though most properties won’t a]have any taxable income for the first 5-10 years at least, because of interest and depreciation.

Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income.

Contributions into an LLC are not generally taxable events when done after the 1031.  

Higher interest.When you pull from your 401K, you are paying your tax rate, which now goes up because all of the withdrawals are taxable. 

The loan proceeds are not taxable.

I have $175 invested in stocks in my taxable account and another 30-50K in cash coming out of my business at year end.