Whether to sell, re-rent, or do Airbnb with a rental house
I own a rental 3br 2ba rental income home in Tempe AZ and I'm
considering scenarios after my renter just gave 30 days notice.
Can I do a 1031 exchange on a rental? Also, do I have to live there for two years
in order to avoid capital gains? Considering a move back into it to fix
it up and then sell for more $$ in couple years.
It's been a while since I've looked into these scenarios (I own 3 properties that I just
buy and hold/rent out) as I'm not that active of an RE investor. Trying
to avoid capital gains and do what makes most financial sense. I could
re-rent it of course, also thought about doing Airbnb for Spring
Training and snowbird season. So many options my head is spinning.
Anyone know of a good RE Tax accountant, RE agent or RE attorney I could talk to
for running these different numbers and scenarios? I don't want to be talked into
selling by an eager RE agent looking for commission, so I'm hesitant to look for advice from agents
I am worried they might be biased toward selling. Thanks for the help!!!