As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

Hello all,
Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation? Did the proceeds from the ...

Hello BiggerPockets Community!
I've been diving deep into the Albuquerque, NM real estate market recently and wanted to share my findings and insights with fellow investors. Whether you're a local or considering inve...

Hello BiggerPockets Community!I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio. In regards to tenan...

Is this something I should take in consideration? 

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

So, my first caution is it would be healthy not to expect similar results on certain real property investments/deals in the current and near future cycles.That said, there are multiple considerations and clarity needed, before I would act on any investments with your equity.

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

The won't insure you or they will jack up the price considerably. 

They are pretty unique conversions, it does take considerable time, effort and money!