If you can qualify for the next purchase even with the HELOC, I would say go for it. 

You are such a nice guy you are my only client who is qualified to purchase the hottest property in the world where the city was talking about turning this swamp land I own into an international airport.Never every trust someone else with your money.

As an salaried employee there are only very few deductions that I qualify for on my income.

Getting the ball moving by working on getting pre-qualified.

@Joan MacDonald, If she wants to keep her options open to 1031 and defer that tax she has to have her qualified intermediary in place prior to the closing of the sale. 

And yes, concrete down the drains/toilets would qualify as willful lol. 

if this situation qualifies…best left to the CPA experts!

@Alan Cardoso per fair housing you need to post your requirements to qualify.

We actually qualified to purchase our current primary residence using my wife’s entitlements.

Would you qualify for a VA or FHA loan?