Thank you for the advice I greatly appreciate it as I am barely starting my journey into the real estate business.

I would think the 1031 exchange and/or the $25k allowance for active participation in rental PALs would be more likely candidates if the goal is to bring in more tax revenue. 

My brother and I will participate.

I am confused about the address, why does Redfin, Zillow, or Google list the property as City A if it really belongs to City B?

Thank you again to everyone who participated in making Shepherd of Bull Valley a reality!

Given the size of the firm, all members of the team are expected to actively participate in the origination and executing of transactions.

And to hopefully find partners to participate in transactions. 

This may help fortifying your decision and timeline;Have your CPA review the benefit of being a full time agent who owns and actively participates in the management of  rental property they own.

I get what you are saying but It would be very difficult for a judge to rule that way legally when the tenant clearly agreed and initialed they are not participating in a installment sale .

The kids need to participate economically in the sale, and I'd want to confirm gift tax returns were filed in the past...