It sounds like you are ahead of a ton of people just because of your knowledge about inflation and rates.

Either way, if you're in the 12% zone, a $100k depreciation recapture will push you into the 22% zone.

I had one loan officer from a Big Bank forget to order the COE until the Friday before closing, pushing closing 2 weeks.

Just make sure you now the penalties ahead of time if there are any.

Bought my home Dec31 2020 in Van Nuys, CA (Los Angeles) for $586k. (5% down, 2.99%)Seeing very similar homes in my neighborhood (with even worse specs/curb appeal) going for high $800+ as of 2021.Not ready to move on yet, but just trying to plan ahead, as I'm considering relocating outside of LA in the next few years, and will need to capture some of that appreciation gain to make a healthy downpayment on the next home.

Between the original closing costs, foundation repair, pipe repairs and water damage as well as the taxes and commission to sell it you still could come out even (or ahead), however, if you've fixed most of the issues at this point you might consider waiting to gain more appreciation on the property before selling.Reading your second to the last sentence it's written in a way where you may have already made up your mind.Good luck,-Chris

You can plan ahead now based on what to expect but this doesn't mean your outcome will turn out the same as your friend experienced.

When I tried to push back the utility company said to prove it was a misreading, pay the balance or water would be shut offContractors/tenants - when I purchased the place it was occupied and then covid hit.

It makes the accounting process easier for your tax professional in years ahead as well.

Just a heads up on STR's, you won't be able to operate one in the Austin city limits, and several parts of Travis County, unless you are a primary homeowner.