As long as you purchase at least as much as your net sale and use all of whatever proceeds are generated, you will defer all tax.

Hello fellow real estate investors,I'm considering a potential deal on a triplex in McKeesport, Pennsylvania, and I'd love to hear your thoughts.

Good luck and way to go on creating your own destiny!

Congrats on selling the home and getting something out of it!

What should I expect and how should vet/set up a lease through a temporary housing company for a tenant?

Most small businesses fail, and he goes into great detail on how you can avoid becoming a casualty. 

When it does happen, how do you know it's hit bottom and it's time to buy?

Proper notification and time line is dependent on state law.  

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

You show up and listen.