To Exchange or Not To Exchange, that is the question?
I am a current investor in short-term rentals (STR's) in Arizona, with (4) properties that have performed very well. For personal and "other" reasons, we no longer want to manage STR's, and long term rental returns are not favorable. My pro-forma shows a 7% tax burden of the gross proceeds. While a 1031x is a viable option, and based upon this % of gross, what would you do?
Thanks in advance for you input and stay safe and healthy!
Mike