At this point the value of the house is still increasing but not at the same rate as the previous years for a number of obvious reasons (high Interest rates,  age of house, etc.) and at this point I'm not sure what my next move should be since I don't like having all that equity tied up in the property and borrowing against it (HELOC) doesn't seem like a good idea since banks seem to be charging even higher than "normal" interest rates because the house is not my primary residenceIt's been almost 2 yrs since a I moved out of the house and I know my time is running out before we'll have to pay capital gains on the property if we chose to sell it [unless I do a 1031 exchange of course] but wondering what other options I might consider.

You must sell the first property though before you run out of year 5.  

It would be a tough sell for sure, but you own the land and have put in for the soft costs, so that is helpful.

Are comps at your projected ARV selling with a washer/dryer in place with cabinets?

I knew there was no way the home was going to sell at that low of a price in that area and I knew that the new inspection would require a few things.

You need to network and search online; you cannot get a list of wholesalers.Attend REA events in Detroit or search online for keywords like  "We buy houses Detroit" or Sell House fast Detroit" and call the companies that appear in the search. 

When you sell, you have to pay that tax pack, even if you didn't put it in your return any or all those years. 

. - Lose out on most (now you're stuck with that vacant lot that, if you go sell it, will be a stale listing with little/no interest), win on a few, and hopefully the wins offset those losses. 

Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on the first 250k profit from the sale.

I think there are other areas that are more exciting for a long term appreciation hold, but if your just looking to bank some short term cash flow and then add value to sell I think this sounds like a good opportunity for you!