My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.

I'm Pratik Patel, a healthcare professional excited to join the BiggerPockets community.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

And the rest of the gain will be deferred in the 1031 exchange.

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.

Hello everyone, I'm new to the group and I want to say hello to you all.

As agents we tend to feel the pulse of the market shifting before the data hits the newsstands.

Does seasoning start when the property is bought? 

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

How will the ownership of the property be?