Mind you this is after numerous run ins with this guy, because I made it a point to go introduce myself as well as made it a point to say hello every single time I see him outside.

IMO.....if you kept it as a rental, your “cash invested” (your numerator) would be the cash you’d walk away with if you sold it now, after taxes.

I have numerous rentals, they are doing well for us, but we are wanting to shift into some other investments in the coming year.

I purchased the property with cash, and am 100% fine to wait the 6 months and collect pure cash flow if I have to, but I have seen numerous stories in the BP forums of lenders that do not have the seasoning requirement.

The numerator is the FMV of the lot and the denominator is the FMV of the entire tract."

As you point out, there are numerous transfers that are not taxable events.This would be a transfer for purposes of dissolving a partnership.

I know he would not be especially cooperative with numerous people walking through due to COVID (one of the reasons I was thinking it was best to remove him).  

This is in PA if that matters.I know this topic has been asked numerous times but would love to hear any updated/specific thoughts.

Now a 25,000 sq ft mansion with the best views in Arizona and close to Sedona and all of the numerous sights, adventures, and wine county that northern AZ and the Verde Valley have to offer.

You will find numerous articles and websites that provide great detailed information.