@Michael Dahl Because of the reinvestment requirements, you couldn't take any of the proceeds without taking a bit of boot like others here have stated.However, if you completed your 1031 exchange then immediately did a cash out refi, that would allow you to defer all of the tax and depreciation recapture, but also give you access to some cash that is tax free.

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?

Quote from @Patrick Roberts: Last option is to seller finance and then sell some or all of the note(s).

I self manage all but one.

I'm seeing a lot of homes up for auction (mostly SFH but some multifamily) around town--do you have any insight into this trend (why all the foreclosures?) 

(For me, it's not just one booking, it's all my 2025 VRBO bookings.)Correct formula (I think): nightly rate total of $2500 + cleaning fee of $400 = $2900 x .102 (10.2% total taxes for my area in Colorado)VRBO 2025 formula: nightly rate total of $2500 + cleaning fee of $400 + Guest Service Fee of $400 = $3300 x .102FWIW, Airbnb is still using the first formula.

In the 4 states I hold/held broker licenses, all required this knowledge (in BASIC form) for licensure, so the required educational courses should provide a decent foundation.  

Since your family member owns the condo outright, you wouldn't have to worry about the "due-on-sale" clause at all, because there’s no bank involved.

Shop around for terms that meets your needs.

All the best to you!