Why would the government waste our tax dollars paying higher rents than the market?

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

So, for the interest paid on the loan from August through December, who can claim the interest for tax purposes?

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

They are so tax beneficial! 

It will have to be a pass through/disregarded LLC to keep the tax payer the same and the 1031 valid.

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that?