Account Closed maybe Bill Gate's was a bad example.

If this is a bad deal because of $1,500/yr in interest run away and have your family sell the property. 

Yes they were great to work with and all and all it was not a bad process. 

That doesn't make them bad, per se, it is just a very difficult market right now. 

Since flips are typically treated as dealer properties, profits are taxed as ordinary income.Please make sure your entire structure is properly analyzed for you to save most amount of taxes.

Maybe there is something to learn, but most of the time it just makes you feel bad. 

You guys make great money so buying a home isn't bad.

I had a house in an area like this (previous HVAC was stolen while the house was vacant) although it doesn't seem nearly as bad as your area.

I'm not a tax expert and dont know how this would conflict with the tax deferred basis, but if doable, this isnt a bad option, either. 

Cost of borrowing goes way down when no one wants to borrow like in a bad economy.