I think @Charles Parrish and @Al Wilson are right on the money with the "auction fever" advice, I've felt it coming on myself and luckily haven't given in, but as far as what Charles mentioned about getting in there prior to the actual auction date, that is something I've not put much effort into myself but know other very experienced people around here who've tried that one every which way they can think of and maybe its a difference in state laws or just common practice amongst the local/regional law firms handling cases here vs there, but they've all hit a big brick wall n matter what method they tried and were just told "wait for the auction day".

The question is, what date is used to qualify the year of holding to avoid short term capital gains tax?

Could the wife file it now and have it be valid from the date of signing?

The other listings in the area offer a lot of context on the land, setting and the style of homePricing - From the limited date range I checked, I do think you are actually lower than almost all...

Hi BP Community,Working towards closing my first deal soon and wanted to make sure I have all my logistics in order as I near that date.

Always great to hear from a fellow Texan.  

Remember that books are going to be out of date to the market standard pretty much right after they publish. 

Demand remains strong but even on peak dates with every park full the parks can't pack in enough people to fill up all the houses.Both Universal and Disney are expanding (Universal sooner) so that will drive up demand even more, but the problem is there is endless land out there so supply will always have a chance to catch up if developers get wind of new demand.That's why, at least for my own purchases, I'm focusing on areas with limited buildability where supply can't just scale in lock-step with demand for eternity. 

Hello BiggerPockets family,I am currently in escrow for my first multiunit so I am finally able to join in on this side of the forums.I was just curious to how most of you fellow investors would setup the basics in being a landlord of a multiunit.

If the family member passes away, the property would remain in your name unless other arrangements are made.Given the complexity of this situation and the impending closing date, it's crucial to seek professional tax and legal advice as soon as possible.