And gain is determined by the difference between the adjusted cost basis and your net sales price.If you do not do a 1031 exchange then your suspended losses will have an impact on the gain from that sale. 

Feel free to connect  always good to exchange ideas with motivated people in the community

Happy to exchange insights and explore potential collaborations!

Any gain or loss realized by a dealer in options from the sale or exchange of an option to buy or sell property is considered ordinary income or loss under paragraph (a)(3) of this section.

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange strategies or discuss approaching these types of assets

Acquire 3 properties and sell 1 buy one, 1031 exchange and trade up to a rental property in Parma or Lakewood3.

My state is very landlord friendly and I don't mind taking that on in exchange for equity. 

I’m especially curious how this might affect investment opportunities in the single-family sector in the coming months.I’d love to connect and exchange perspectives—always great to hear from others who are keeping a close eye on the market!

Then again, purchasing a true "turnkey" property means you are typically paying a higher premium in exchange for someone else delivering you a cash flowing, low maintenance asset.I would gander to guess that 99% of people do it the latter way you described. 

Refinance taking out millions and do not pay any taxes at the time of taking the money out.Then if you die, your children get the property on a stepped up basis (readjustment of the value of an appreciated asset for tax purposes upon inheritance) and there is never a tax on the money extracted.Or if you need to sell it while still alive, 1031 Exchange the appreciation on to another property/properties.