As long as the total of whatever you purchase is equal to or greater than the net sale of your old property you'll defer all tax.  

Given equal interest rates, the first position HELOC strategy will put you in a better spot financially than keeping the mortgage. 

This is a crucial detail to know when you're investing as an active or passive partner.

To mitigate these risks, it's crucial to thoroughly research the market, obtain detailed cost estimates, and build a buffer into your budget to cover any unexpected expenses.

So it has to be equal or less on length.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

The 1% rule is met when the annual income of an investment property is equal to or greater than 1% of the purchase price.

The scope of your property managers responsibilities will vary, and it is crucial to read your property management agreement whenever a dispute arises to familiarize yourself with your rights. 

These roles are crucial for navigating the investment process and ensuring your property is well-managed.

If you're new to investing, this is crucial knowledge that could save you from legal issues down the line.