Also, in this metro area, new construction homes from all of the big builders are being sold complete with all appliances and blinds for less than resales. 

It is only a numbers game if you are blindly throwing darts in the dark, asking random people if they want to sell .. yes THEN it is a numbers game.

They are dumbfounded and just blindly pick how much of their money should go into what fund.

Your applauding those ignoring any/all of the thinking, just blindly throwing out an action, which FYI can set a precedence that can than get used step by step to further controls, lesson freedoms etc.. 

It would be foolish to take internet legal advice and just blindly act.

Without that, you are basically going at this blindly. 

You’ll want to talk to a CPA to help you estimate what your tax burden would be in both the under and over 2yr scenarios, see if you qualify for a partial exclusion, etc.It’s difficult to blindly say hold it or sell it now if you don’t have a full picture of what your tax burden.

On the other hand, if a client hires RES at the tail-end of an existing lease and knows full well that their rental property is falling apart and needs everything from paint, flooring, blinds, other repairs, landscaping, etc., we will not under any circumstances spearhead this project.

This year, between tenants, I will be replacing the carpet with vinyl flooring, updating the bathroom vanity/lighting/mirror, and some other small updates such as changing out light fixtures, and faucets, and switching the old blinds from fresh curtains.

I am interested in buying a few vacant parcels in several Mississippi counties, and it makes poor business sense to go into it blind.