That move created frustration on my part and the seller and had to amend the original contract.

Between the two properties you're cash flowing $60/mo more than you were with just your first property originally.

Now his original property is less cash flow, and is his 2nd is likely negative $500/mo.

I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.

That move created frustration on my part and the seller and had to amend the original contract.

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

Originally posted by @Beverly Taylor:During the set up process for RentRedi, the software automatically sends out a message to all tenants by email.

Its just hard and if there is any softening of the market.For the original investor:1.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).