Should I sell my rental in Arizona, pay gains, pocket $$$, ???

[Aaron Boatman]

I have a rental in Arizona that is Zillow valued at $340,000, my estimate sale is $329,900. Its been a rental for the 6 or so years and has about $34,000 in recapture. I paid $165,000 for it, owe $100,000.  My W-2 income is $50,000/year.

Id really like to take the money and move it into something I can pay cash for.  Waiting to reinvest in a depressed purchase or dip buy.

How can I be savvy with the profit, minimize my capital gains, put the most $$$ in my bank.

Thanks for the help.