The amount of time you hold the property is inconsequential -- if you intend to flip it, it doesn't matter if it takes more than a year or not.EDIT:  Looks like Brandon said the same thing I did...only better and sooner...sorry I missed that post before I wrote this!

If something happens where the value goes up sooner we would just refi then and take advantage.

Or put together a spreadsheet showing the comps, costs, etc and maybe he will understand and agree to a lower price sooner then later. 

What to do First As a New Investor:We believe that we’ve got some pretty great places for beginners to start learning about Real Estate Investing - here are three free and easy ways to get started today:Listen to The BiggerPockets Podcast - Just download a couple of episodes and conveniently start learning about Real Estate Investing on the way to and from work, the gym, or anywhere!

What to do First As a New Investor:We believe that we’ve got some pretty great places for beginners to start learning about Real Estate Investing - here are three free and easy ways to get started today:Listen to The BiggerPockets Podcast - Just download a couple of episodes and conveniently start learning about Real Estate Investing on the way to and from work, the gym, or anywhere!

(As soon as I vow not to do something it will come up as an opportunity)  Our lessons learnedMeet w/ the historical society responsible for approving the renovation sooner than later.  

It sounds to me like the sale date will be sooner rather than later.   

Best of luck to you my man, I'm sure you will find your niche much sooner than you think.Damir 

No sooner than starting to read it I ran across a deal where I need to move quickly.

By the time I had finished printing yellow letters, putting them in stacks of fifty, then rolling them up with rubber bands, I had enough rolls to fill a gym bag.