@Hans Thurau, An installment sale can postpone a recognition of gain and the associated tax bill but not eliminate it. 

I went to the closing to let everyone know this and my attorney and I decided to postpone the closing since we weren't sure if it were a $200 repair or a $12000 repair. 

Imagine where you would be now, should you have postponed the ''fight back'' to a later date and you and your partners would have simply concentrated on making Marco's system work for you?

As of Feb-05-2016, the New York Times is reporting: Wages Rise as Unemployment falls below 5%.Analysts said that the slowdown might push the Federal Reserve to postpone another interest rate increase when it meets next month, but signs of a tighter labor market suggested that policy makers would be looking closely at incoming data.

probably 90% of the deals scheduled to go to sale are postponed or canceledHope this helps!

(being it is in pre-foreclosure) the POSTPONED est. opening bid for it is at $67,500.My question is of course I would like to call my friend and ask about his house (which I will probably still do) and maybe hash it out with him on a deal but that would kinda of be awkward being in pre-foreclosure phase and me asking him to buy his house right or not?

That would mean that they have postponed taking care of certain expenses that should have been addressed.

- The need to postpone your capital investment/profit capture until you sell the property (or the lending enviroment improves).

I had to postpone a family vacation because they kept dragging the closing out due only to their internal operations and nonchalance toward established deadlines and closing schedules.  

As @Michael Barbari said or implied, postpone the rehab or raise rents after rehab.