The FHA loan may require the seller to perform repairs, or pay for termite treatment.

If your intent was to hold the property for productive use in business for trade or for investment then you could do a 1031 and you could get capital gains treatment if the closing of the sale crossed over that 5/27 date.  

Of course you could do an engineered cost segregation study to reclassify some of that depreciation to 5, 7 or 15 year asset lives with accelerated treatment.

@Tony Wu You have many options here and there are no set rules regarding the treatment of situations such as yours.  

An LLC will not change the tax treatment of a rental.

You want S corporation treatment. 

PM says, no, sorry, you didn't have any window treatments when the painters arrived, but we can have our guys install some for you, for a fee.

Each snow storm can be 40-75 and that is for the driveway and not even the steps or sidewalk.Each weekly lawn cut can be 30-50 and that does not include and treatments or landscaping those are more charges!

Being right does not necessarily entitle you to fair treatment.

One idea that I have read about, but never known anyone personally use it is this;Depending on tax brackets for ordinary income (interest) and capital gains, adjust price/rate as needed for best tax treatment.