If it's a rental, the 2 years doesn't apply on investment property.If you sell in less than 1 year, the gain is taxed at ordinary income rates.

In short, look for properties that have unique features that money cannot buy; tucked into the hills, lots of land, unique land formations, scenic views (not just the ordinary desert view, we're talking real scenic jaw dropping views), etc.One thing to know about demand is that 30% of all active STRS on Airbnb came online within the last 2 years so although the number of bookings is up year over year, those bookings are being spread out amongst more properties which is bringing occupancy rates down.That said, many STR owners purchased at the height of this last STR bull-run hoping to cash in on the craze and are now struggling because they ran numbers using outlier pandemic year statistics.

They may invoke ordinary income taxes, long term capital gains, etc.

Tore off the carport roof on left, front porch, and patio on right.

Is the 5th floor patio done yet?

I also love them because aside from reading posts (which can get overwhelming sometimes since there is soooo much info available), they remind me that the investing community are ordinary people like me.

This will be ordinary income an subject to SE tax typically. 1031 only qualifies on passive investment income -IE sale of a rental. 

Guessing about how an appraiser will come up with an ARV is also out of the ordinary for a loan officer.I would tell the loan officer that you will wait to see what the appraiser comes up with and avoid any monkeying around with the numbers on the executed contract based on speculation about the appraisal.

If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.

As a result one holdout can delay or even kill the sale of a property, the restructuring of a note, or any number of specified significant events not in the ordinary course of business operations.