I was buying a year ago but had to postpone due to a baby coming into the picture and had to be (understandably) conservative with my savings.

Depends on how close the auction is, you might be hard pressed to get it postponed.

If not, they may agree to postpone the increase by one more month.

If anyone knows the best way to get the bank to postpone the auction that is also helpful.

Law school will take up so much of your time, if it was me, I'd postpone starting. 

It was supposed to be on May 28th and was postponed indefinitely.

Zhao suggested) might be a great way to postpone, reduce, or eliminate taxes (if you have good real estate purchase opportunities available).A cash-out refi might also be a good option if you want to keep the property.

Fortunately, you have the opportunity to defer the capital gains tax by utilizing a 1031 Exchange.A 1031 exchange is a tax-savings strategy that allows investors to postpone paying capital gains taxes upon the sale of an investment property by reinvesting the proceeds through the purchase of another property (i.e. a like-kind exchange).In order to qualify for a 1031 Exchange, there are some requirements:The value of the new property must be equal to or greater than that of the sold property in order to defer 100% of the capital gains tax.There are time limits to when a 1031 Exchange must take place.

You can also do a 1031 exchange when you decide to sell the property and again, postpone both capital gains and recapture. 

We've talked about doing something with it for years, but our distinct lives have postponed any actions until now.