I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

It's an incredibly popular change, so I'd be surprised if we don't see it again.As to the retroactive point, it's not happening.

So its a hard choice.

Given your situation, setting up an LLC is a solid choice for liability protection and managing your real estate activities.

It’s awesome that you’re diving into the world of multi-family investing, and starting with The Multifamily Millionaire is a solid choice.

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

Some locations may have "pockets" of high density student housing that proves to be more popular than a house across from one section of campus.

Meanwhile hardly any emphasis is placed on the loan administration and even more importantly the relationship component of lending.Far too many investors, particularly those just starting out, are being conditioned to seek out the “easy” lending choice rather than invest time and energy required to cultivate meaningful relationships with lenders who truly value the borrower/lender relationship and are interested in assisting you grow.

There aren't many choices out as far from town we are. 

I ask because it seems like you have two clear choices - Either finish the rehab and sell potentially at a loss, or hold the property while renting it out so you can hopefully benefit from gradual appreciation and using the rent to help make any principle paydowns on any loans you may have.