I do not want this deal to go through, and I would still probably be willing to move forward if they matched my increase in price with an equal increase in seller concessions (so they they have no net loss) .

How long do you have to own a property in order not to have to pay capital gains taxes?

Who is paying for capital expenses / rehabs / tenant turnovers?

I have a day job right now I dont NEED cashflow but cashflowing will free up capital from my day job to reinvest.

I am ready to move full-time into the real estate industry, with the right move.End goal is to get involved in real estate investing (fix and flips mostly), but do not have the capital to jump into that yet.

SO, I am Interested in a property in Capital Hill area off of Magnolia between Mahan and Tallahassee Memorial Hospital.

If not, there should be some sort of reserves for repairs, replacements and capital improvements.

Our current goal/focus, however, is getting our first project with our own capital off the ground.

Next year, we would like to sell one of our smaller properties (a 4-plex) and do a 1031 exchange to defer capital gains taxes.

I've used the IRS capital gains exclusion to sell at PCS time when the appreciation provided me more future opportunities than trying to make the rental math work.