I’m excited to learn from your experiences, exchange ideas, and contribute to discussions as I continue to grow in this space.Looking forward to connecting with you all and gaining valuable insights along the way! 

I do recognize the value and potential for great gains in doing a fix and flip and it is definitely on my radar.

We have CDs maturing at the end of the year that could fund a new primary residence.Should we:1) Sell it with no Capital Gains tax.

If you're able to get tenants paying over market rents, you can also gain a lot of interest because of the heavy cash-flow. 

If you can do a renovation loan with 203k or a homestyle loan to house hack a 2-4 unit multi-family, that typically has the highest potential for equity gain with the lowest cost.  

For the seller (John) to defer capital gains via a 1031 exchange, the sale proceeds must be reinvested into like-kind property within 180 days.

Gradually transition to larger, higher-end projects as you gain confidence and expertise, balancing risk and reward.

Once you gain that experience, it may become more efficient to delegate the task rather than managing it on your own.

@Chris Grenzig  The chart on Wikipedia is interesting, its showing the population gains/losses from 2020 to 2023. 

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?