@Filak Thomas What you're referring to is a 1031 exchange and while I don't know all the details because I've never done one myself I do not that there is a time limit of like 45-60 days from the day you sell your home in order to qualify on the not paying taxes bit.Also, for capital gains tax on an investment property you only need to own it for one year.

I've been thinking about selling and doing a 1031 exchange for a like kind property. 

I've been thinking about selling and doing a 1031 exchange for a like kind property. 

There is no actually cash exchange of interest component.

You are suppose provide parameters and with several exchanges we weed out pertinent information for you/end user.

Some complex things such as 1031 exchange.

I ended up doing a 1031 Exchange to purchase a larger home in a more desirable area of Perris.

If the value decreases, so will your taxes and the town won't be thrilled about that.As far as AirBnB, it's worth looking into.If you're looking to move into another property in a few years, you can use a 1031 exchange and defer your capital gains taxes.

However if someone wanted to provide some help in exchange for real world experience I’d also be happy to answer questions and advise. 

Purchase price: $1,150,000 Cash invested: $650,000 1031 exchanged into propertyMixed use 10 unitValue add put about $250k in capital improvements.