Just a final point, and it's market based, but I would stay away from condos as an investment property unless you are going to keep it in the family for generations and don't care about an exit strategy someday. 

I'll try to post a final year end summary for lazy holiday reading. 

Just shouldn't be relied upon as a final value without actual supporting Realtor comps.

A buyer is under contract with a seller for a property that has a finance contingency on 11/20.2.

Wow, Shiloh, that is a FINE looking house!   

So, I suppose a thank you is in order for piquing my interest in these two asset types.On another note, I've perused your website a little and, if I'm not mistaken, it seems like your role in real estate has taken on more of a finance role as opposed to being more directly involved in the day-to-day operations.

This means that you have to buy 2 properties per year which means you have to close on a property every 6 months which means that you have to find a property in 3 months to have it on the market and rented the following 3 months.And the properties need to have a final cashflow of $1,000 per month after all expenses are paid.

@Peter Ngu, if the gain and depreciation recapture warrant it yes, that would be a fine 1031 exchange. 

I will be conducted a final walk through.

I will be going over all of the information I have received from the current owner with a fine toothed comb again along with all of your information, so that I can list out everything I need to do in my next steps.I could not do this without you all!