I mean you can hold the property indefinitely if you can afford to. 

Then he can exclude up to $250K ($500K MFJ) from capital gains on the sale of his primary residence.The capital gains tax can be deferred (indefinitely) with a 1031 exchange instead of a sale provided your client wants to continue to own investment real estate.An installment sale will spread the capital gains tax out over several years, reducing the amount of tax paid in a single year.

My impression is there are lots of buyers for rentals who believe the rent-PITI myth and are willing to pay prices that aren't really going to make any money, unless our current upward trend continues indefinitely. 

There was an article in Westward in Oct or Nov of '14 regarding the issue, and that tiny homes under construction are being fined and held up indefinitely.  

Depends on what state you’re trying to do your LLC in.

You don't have to have an indefinite outlook to work in engineering. 

I can quit my job tonight and still cover all of my living expenses indefinitely (living like a pauper but still more income than expenses) and that makes my day job much more enjoyable....I kind of just do what I want and I think I should be doing and if supervisors etc. don't agree ...well too bad for them I do what I want : ).

Real estate outside that where I can get real estate benefits for life and indefinitely defer the tax with 1031s.It strikes me that it is the changing of lanes that is more costly.

Always have a back up exit strategies since holding indefinitely is rarely realistic..

A Lot of agents 1) don’t really know all the intricacies/procedures/rules/strategies to do a short sale and 2) don’t want to do all the extra work involved in one, for no extra fees.Attorneys are not great for negotiating/processing shorts sales…they often slow the process down are not needed.If it comes to that point, have a talk with your agent, and their broker, about switching to an agent with short sale experience.You would need to show a financial hardship though….as in you can Not afford to pay the negative cash flow indefinitely.