Our cash-flow from the previous house/now a rental is enough to cover the increase in our mortgage, so it was a cash-neutral move, but now we have another house in our portfolio gaining value. 

You have to give up half of the project, but you will gain valuable experience. 

In our area the listing price is just a starting point to get the buyers attention.

@Steven Young, I have attended an auction (Dekalb county) and what I could realize is: As it is a redeemable deed State You gonna buy the property and only will be able to gain possession of it after a year (redeemable period) - also going to take some extra days to deal with the foreclosure process.

If we were to sell this property in 2019 we are under the impression that you will not owe capital gains on the profit if your taxable ordinary income is less than $77,200....?

My plan is to possibly refinance out of the FHA loan to a conventional loan to be able to purchase my next property and rent this property or stay in this home the two years to avoid the capital gains tax and just outright sale.

Now, if I'm flipping it, the principal and any gains from that deal need to go back into the Solo 401K.

Start building relationships with seasoned investors so you can gain the knowledge and skills necessary to begin in this business without harming yourself or a seller.

Hi there,I need some help deciding if I should cash out of my primary home turned rental property (located in Orange County, California) before I am on the hook to pay taxes on capital gains, and pocket the equity or hold it long term with positive cash flow and possibly a retirement income.

Think of it this way:  to make up for the $400 negative cashflow per month, you need to gain twice that per month in profit when you sell just to get back to neutral.