Nothing is to be gained wallowing, or festering on blame.

As long as you have lived in the property for two out of the 5 years prior to selling it, you will get to exempt all gain tax-free.

I run a Co-Investing Club where we invest passively in real estate deals, usually putting in smaller amounts like $5K at a time so we can diversify and spread risk.

We want to sell but the Capital gains are very substantial, my accountant didn't offer any other advice.

When a person sells a property, you Realize a gain or a loss.

In sellers market I think cap gains need to exceed 6 figs to pay-off.

On top of paying 10% penalty and paying short/long-term capital gain tax, you are also losing growth of S&P500 till you reach 60.

Started investing in alternatives about 5 years ago in a variety of passive investments including some angel investments.

It’s been cash-flow positive, with strong reviews, minimal vacancy, and runs on a fairly passive system I’ve developed.My Goal: Now that I’m local to Orange County/South Bay, I’d like to apply the systems, experience, and insights I’ve gained to launch a property management company focused on both midterm/furnished and traditional long-term rentals.

@Gregory Peeplez not sure where you got the idea that you could be an, "owner & passive investor"?