As we all know prices jumped quite a bit during the COVID run-up, and while things have cooled a bit recently, values have held better than expected.

Or when little Janie's Dad noticed the "shiny newish toy" was just a busted piece of junk held together with bubble gum, and it was obvious the "nice kid with the back-pack" new the whole time and let Janie think it was something else.... 

@Joe NA, Regardless of what direction you go, you'll be wise to use the 1031 exchange so that you can access all of the profit (and the associated tax) for your benefit as you grow.Keep in mind that in order to qualify for a 1031 exchange, the property you are selling and purchasing have to be held for investment, which is why fix n flips do not meet these criteria (they are held for resale).

Even then, had you bought before the crash and held it till today it'd still be a huge win as you'd still have seen a ton of appreciation.

The longer held properties are probably under insured. 

However because we have held this property for over a year or is my understanding that we would pay long term capital gains.

While it won't take effect until next year, if you rent it, you're locked into a 1 year lease.Do some quick calculations of what it would look like if you held on to it for 5 years, if you sold it and bought another rental (or two) or sold it and put your money elsewhere.With a condo you have unknown expenses -will there be a special assessment, will condo rules change, will condo fees go up. 

As an update we sold that 7 unit that we initially backed out on, held 15% of proceeds as seller financing, rest in cash, helped manage and maintain for a year, and my maintenance person is now "managing" it for the buyer.

Meanwhile, this criminal is still profiting off of the property.The damage has been done, but I was curious if this company that performed this background check could at all be held accountable even partially in making me whole. 

., those are definitely standards you may be held to.Also keep in mind you may pay for a benefit you don't actually accelerate because it gets suspended.