The 1031 applies of the money from the sale of the trailer park is reinvested into another investment. 

Looking for a template/excel calculator (rather than building from scratch) to model investment for MF land develoment, buIld and Sale - wIth typical metrics: NPV/ROI and cash flow analysis.

Now if you and the LLC purchased the property as tenants in common (LLC 75% and you as 25%) then you would be living in a piece of real estate that you own and when it sold you could indeed take the portion that you owned and lived in tax free once you could establish that you had lived in the property fro 2 out of the previous 5 years prior to sale.

@Ahmad Fadhil what is the projected sale price?

Purchase price: $400,000 Cash invested: $115,000 Sale price: $825,000 Elegantly updated home.

If you were successful in real estate sales dont nessecarily expect to be good at brokerage.

https://www.shelbycountytrustee.com/164/Taking-Title-to-Tax-Sale-Property

To name a few:Base your underwriting on how you will operate the asset, not based on how it is currently operated or based on the broker's pro formaCreate a budget for each year you plan on owning the property + sales assumptionsHave an upfront operating account fund in addition to ongoing reservesBased the market rents on your own rent comp analysis, not the broker's rent comps15% contingency on top of interior and exterior rehab budgetConservative annual income growth assumption (no higher than 3%)

Purchase price: $10,000 Cash invested: $43,000 Sale price: $110,000 Worked on the project from June to December, when we listed, closed the sale on March 1, 2018. 3 Bedroom 2 bath 1600 square feet.

I have a couple of questions about a short sale.