That potential gain measured against the additional cost of your debt at the higher rate is how I would approach your question.

Also, if I do carry, would the cash amount that I would get of $35k be taxed as all gain?

If you aren t famalier with a 1031 tax exchange, it is deferring capital gains taxes to the next property that you purchase.

In my short time being a member on the site, I was able to gain a few leads from my direct mail marketing campaigns.

A good broker is worth their weight in gold.  

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #notdreamingitsreality

Pete area that is willing to reach out to me, I'd be very interested in speaking with you and gaining a little wisdom, knowledge and understanding.

Getting into a large project, nothing is small and the losses can be life changing, but so can the gains!     

The two of us are gaining equity as we learn the industry together.3.

In a BRRR strategy where you elect to hold property for 5 years, at a minimum, due to the new changes in the Federal tax code, can an S-Corp avoid built in gains taxes on properties held for a minimum of 5 years?