In my personal opinion, 24 months is a very conservative hold time because it straddles three tax years and if audited, you can clearly show your intent to hold.

A little gutty - but doable.I've just made the transition but it took me 20 years of straddling corporate america and real estate to do it.But, we are all here for you - so start kicking but and taking names!

In my personal opinion, I think 24 months is a good time frame because it straddles three tax returns.

Even if they do, you can negotiate to buy the debt as assignee and probably make as much or more money as you would as a rehabber (without all the work).You can control the deal from both ends (which I call a straddle play). 

I found the property card for it and it has remark : "Dwelling straddles adjoining parcel"Is this something to worry about?

He started getting really strange with me and I think straddling the ethical boundaries in order to get what he wanted.

Is it in a good location or straddling railroad tracks?

However, if you took one property and after fixing it up you decided to hold it and emailed your CPA that you decided to hold it as a rental and then you did actually rent it out for a period of time - say 24 months, which would straddle three (3) tax returns - and then sold and exchanged - you would be able to demonstrate that you did in fact have the intent to hold. 

I often see parcel lines that don't line up perfectly with buildings, but in some cases, such as this one, I think the house may truly be straddling more than one parcel.The idea that the owner of this house has adversely possessed it is fascinating  - I never would have thought of that.

@Gary Marcotte I straddle the central NH/MA border looking for REO properties and there are few deals to be had.