So we GAIN 7million + tax payors etc.. 

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.

It saves you some time, that's all BUT time is pretty valuable stuff.For a newbie, that rule of thumb is even more important to help them make sense of things and allow them to focus more and not be overwhelmed.

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

@Chris Seveney I disagree, I believe these marketing staff members are their most valuable assets.

While those are all considerations and options you have a license and skill that is incredibly valuable to anyone who wants to transition into real estate full time....the ability to charge for your time.

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.