P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

This type of review sells your property before price even becomes a factor.

Purchase price: $45,000 Sale price: $175,000 I lived here for a few years then when I was married it became a rental.

Home Price: $381,434 (+6.5% YoY)💰 Avg.

Home Price: $381,434 (+6.5% YoY)💰 Avg.

There are a few more “big ticket” items that need to be considered (Minisplits & landscaping) but most of the major costs have already been accounted for on this property.We currently have a 30 year conventional mortgage with a 7.125% rate on a purchase price of $750k. 

However, the IRS may scrutinize exchanges if the holding period post-transfer is too short (typically 12-24 months recommended).If one partner wants to defer capital gains while the other prefers cash, the deferring partner could reinvest their share into a Qualified Opportunity Zone (QOZ) fund, which can defer and reduce taxable gains if held for at least 10 years.

If you run into a situation where a home is not selling for some reason let me know, when buying on terms I can typically pay full price.

Would love an opportunity to pick the brain of someone who is seasoned in the game.