Another option if your profit is over that amount is to convert the property to a rental which would then qualify the property for investment use, Then do a 1031 exchange after a year.  

I’m Nadia Daggett, the broker of an investor-friendly midterm rental brokerage in Tampa.

But i would love to connect as we do about 3-4 deals a week in flips or rentals.

We currently have a single family unit that used to belong to my wife’s grandparents that we turned into a rental. 

Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.

They are not a hard upsell organization, so don't worry about that. 

I have 3 ( 1 condo +2 townhome) rental and one primary home (single family ) all in San Diego and for my rental portfolio of buying with my own money i am done.

We wanted a new primary residence, and wanted to find something we could have a rental on the same property to supplement our mortgage payment.

Basically, is property 2 income worth doubling down and keeping  We currently own two rental properties (details below) and are ourselves renting a place to live in ($2350/month).

Purchase price: $175,000 Cash invested: $34,000 Sale price: $750,000 Single family Vacation rental direct sail boat access.