The market in Indy is less saturated compared to Texas, making it a great option for newcomers looking to build a solid portfolio without facing the intense competition.Feel free to reach out if you’d like to chat more about strategies, market opportunities, or just exchange ideas.

My plan was to put down 35% while she would cover the remaining 65%.However, the seller has requested to be in escrow for 45-60 days so that he can complete a 1031 exchange and use the proceeds to buy another house within that period.

But I could also 1031 exchange it later, if I choose to sell after that time.

If you can capitalize on those early returns and recycle into another property with similar early trajectory, you will end with much more money over the same period of time.Of course, being able to harvest those gains and recycle in a tax deferred manner helps even more, so you may want to seek out syndicators that are able to offer 1031 exchanges on exit, which is definitely possible.

Politicians are again talking of eliminating the 1031.Does this change anything for you?   

Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.

Whether you're in real estate investing, development, or just starting out, I’m excited to collaborate and exchange insights.

In your case you could take the first 25% of the gain up to $250k tax free with the 121 exclusion, and qualify for a 1031 exchange since it is also used for investment use.

In exchange, I’m more than willing to help with tasks such as guest communication and messaging.

Receiving payment in exchange for space is considered income.The good thing is that you likely have expenses to offset the income.Best of luck