Had to do like a dozen flips out there to equal one decent one here.

It never ceases to amaze me how come so many go to the effort of getting a great income, and great credit score, but forget the most vital ingredient that Lenders might look at: their savings record!

But if you do it relly nice ("nice" does not equal "expensive") and you work out a plan like every month the house is in good condition you give them back 20 dollars.

The less time you have, the more relationships and partnerships will be vital to you. 

Commissions in the event of a sale: If Tenant purchases property from Owner during the term of the contract or within six months after the termination of this contract, Owner agrees to pay Agent a commission equal to 5% of the sales price of the property."

At the sale of the old property you will start a 1031 exchange but will take boot equal to the amount of your primary residence exclusion. 

In this case, if you sell for $100K and then buy for $160K you have met your "top line" number by acquiring a property of equal or greater value. 

Once the economic bookkeeping has been done, the allocation of tax results among the partners must be made in a manner that is consistent with the allocation of the corresponding economic results.For example, assume a partnership has two equal partners with identical economic capital accounts.

Unless you do a 1031 exchange and buy a property of equal or greater value within 2 months of closing on the sale of the primary residence.

He is equally responsible as his PM and contributing to giving our business a bad reputation.