However you do have the opportunity to look at a 1031 exchange which would indefinitely defer all of the tax on that $240K gain.Selling one larger property to use the proceeds to purchase several smaller properties is a classic 1031 strategy called a diversification exchange. 

Some options here - What is the rental strategy - is it leased or vacant?

Some alternatives you could consider are Mid Term Rentals (nurses/insurance stays), Short Term Rentals, or a Rent by the Room strategy.

For example, our thinking was buy $450k property, spend $60-90k in conversion and generate $3500-$4000 in rentals so that there is positive cashflow.Would you recommend any other strategy in Tacoma,Puyallup, Auburn  area for positive cashflow?

And could you use the BRRRR strategy on this as well?

If anyone has any advice or strategies I should be looking at I would greatly appreciate it. 

Hi Guys, Need some help.I own a condo and a triplex (both put down 20 percent in December 2021)They are both on variable interest (which was a terrible move looking back now as both monthly payments have gone up by at least $1000.I work in real estate as a project manager for renovations on apartment units.How do i make real estate investing (on my own) or another career path in real estate an option as i want to work for myself.I am from canada and would love to learn more on analyzing properties, tax strategies etc.thanks

It's not a guaranteed magic trick, but it can be part of your strategy.

I recommend them highly.They use real estate to create tax saving strategies customized to your individual group members.Look in your area.

Suppose you do want to pursue this strategy.