If you never buy a property and get audited your auditor may see it a different way but hard to dispute if you do purchase a property in the near future that's how it was explained to me but please take this with a grain of salt as I am no Accountant.   

Find out where hot land is, then go through your auditors site and just start calling everyone on the list and see if they'd consider selling.

The issue is the HOA management recently changed hands to a new management company as the old misappropriated funds and currently, the new HOA company has an auditor trying to figure out where the money went - which means potential litigation.

In January I will be working as an auditor of low income housing and HUD projects and will hopefully be moving into the real estate consulting department soon after.I just moved to Charlotte, NC from Tampa, FL where I worked for a property management firm which is how I got interested in real estate.

It is up to the interpretation of the IRS and the specific auditor looking at your transaction(s).

Currently I'm working as a forensic auditor and I am creating phone applications with a developer in my free time.Now I don't have any experience in real estate investing except what I have been reading (non stop) and listening to.

Weatherization Auditor: BPI Building Analyst certified, Lead Renovator Certified, Working on Building inspector certification.

You can always point it out to the auditor, they will be happy to tax you more!

I had been an accountant and auditor prior to that.

It's an impaired asset and must be classified as such to auditors and regulators, because of the transfer.