Thoughts and suggestions or too complex and take the hit on capital gains tax as I sell my rentals?

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

Do capital gains offset passive losses that the investor has, so someone really isn't paying a high capital gains tax as they thought? 

Using the deferred tax as part of your reinvestment will do wonders for what you are able to buy.You get access to greater reinvestment potential, as well as not having to recapture any depreciation.If you do need access to some cash, you can either take some out as part of the closing (only the cash you take will be taxed.

I also wonder how this is going to work.. you cant tax a parcel that has lost a 5 mil dollar improvement ??? 

You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.

You have to compile all the info to send to them you might as well file yourself on Turbo Tax. As

Quote from @Nathan M kiefer: If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?

Albufeira 8,2% 44.168 Alcochete 9,0% 19.145 Arruda dos Vinhos 4,5% 13.992 Braga 6,5% 193.349 Cascais 3,7% 214.158 Faro 4,0% 67.650 Lagoa 3,3% 23.734 Lagos 7,9% 33.500 Mafra 12,8% 86.521 Montijo 8,7% 55.689 Odemira 13,5% 29.576 Palmela 9,6% 68.856 Portimão 7,6% 59.867 São Brás de Alportel 5,5% 11.248 Seixal 5,2% 166.525 Sesimbra 5,8% 52.394 Sobral de Monte Agraço 3,8% 10.541 Tavira 5,2% 27.530 Torres Vedras 4,5% 83.075 Vila do Bispo 8,7% 5.717  This is fascinating - I live in one of the cities mentioned here and invest in the other 🙂.

This allowed me to focus mostly on cash flowing properties, then the area, then tax as an add on.