You might want to explore beyond the Federal rules any 1031 provisions unique to California.

Hello BP Community,Rent stimulus checks may help your renters (and therefore help you avoid tough processes):Stimulus checks for struggling renters can provide $25,000 in federal reliefWhat you need to know about applying for rental assistance

One can read studies such as this https://www.frbsf.org/economic... from the Federal Reserve in SF and try to glean some insight on short term bubbles. 

When the land sale is included, the federal tax is $167,698.Looking at the tax return, NIIT is 22,040 which is clear. 3.8% * 580k where 580k is 650k profit + 130k base earnings minus 200k allowance for singleThe tax return computes the rest of the taxes owed based on AMT form 6251.

So if they live in New York and invest in Connecticut, they would have to pay Connecticut state taxes on their income along with federal taxes.

@Harrison DaggerNo one will be able to tell you exactly what the tax hit but below are some things to consider when calculating the gain.1) You need to factor in seller's commission which will reduce the $300,000 to roughly $282,000 if it is 6% commission2) You will need to increase the gain by the amount of depreciation you took on the house3) You will need to reduce the gain by the amount of renovations you make to the house4) You need to factor in Federal / State taxes 5) If you are unemployed and receiving unemployment compensation, that should be included into the income(some of it may be excluded)6) Federal capital gains tax rates are either 0% 15% or 20%. 

There are a few larger lenders that do make HELOCs available on investment properties, to include US Bank and TD Bank, plus PenFed Federal Credit Union.

It's a federal law that you need to give the lead paint pamphlet and lead disclosure to all tenants.

SD has no state income and the income is pass through on your Federal taxes.

A QOF is an investment vehicle that files either a partnership or corporate federal income tax return and is organized for the purpose of investing in QOZ property.Q11.