Not to mention flipping homes at this price point is a painful proposition.

as mentioned its a flue or vent pipe.

You don't want to be waiting 3 years!

This way he could move the property quicker and not have to wait.

So like Eric was mentioning if a development has a Mello Roos one would want to pay less for the lot all things being equal.. these bonds have interest rates attached to them and they can be paid off.

@Ryan Leake you make no mention of material participation in the construction of and/or ongoing marketing of a STVR. 

Your listing will not come up with these searches.You mention a large fenced in backyard and not a single picture of it!

You can also use contingencies as previously mentioned.

Do you have a nice amount saved up for the activities you enjoy(I assume yes given a 30+ year in Tech plus you mentioning making lots of money already in real estate).If that is the case, what are you looking to achieve now within real estate?

The joke used to be that you needed to wait only long enough to put one pen down and pick up the other pen.A refinance is not a taxable event.