If I decide to sell it (the property I'm currently in but plan to rent) in say 6 years, will I be able to roll ALL of the equity over into a house without paying capital gains tax?

Because of how the California market is, my partner and I have been focusing on investing in emerging markets where you can still cash flow with very minimal capital.

That the capital can be redeployed at a better return if you can find something else that is priced right.

Cheyne,Having done fix and flips for 12 years, both Jon and Mike give you excellent advice.I always limit the number or use of contractors specifically for the reasons you have experienced and Mike described.You sound as if you are at the end of the line money wise, if you can't get capital to finish, either through private money or a money partner, I would lean towards selling as-is and get out from it before it becomes a further burden.

We live in South Florida, which as you all know was one of the RE bubble capitals.

Then once we have a greater working capital we'll have more options.

How familiar are you with the capital markets?

., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses.

Federal Spending must be reduced CONSIDERABLY, and taxes must also be reduced PERMANENTLY, e.g. the Death Tax, Corporate Tax, Capital Gains tax, and a STRONG reduction in income tax across the board, but focusing a larger cut on the 25-33% tax bracket.

If the concept is new, your best hope is venture capital-- and they are going to take a large percentage of ownership, not just passively provide money.If you've got a really good idea and the well organized schedule of how it is going to be implimented, you should be able to get the money.