PS I was faced with this same dilemma in 1991 in Palo Alto  keep my house and accept 300 negative.. that had limited equity.. and because we were in an economic trough I got to buy up in the Napa valley a distressed property by doing an assumption for literally 5k down LOL  that was a home run.. but that house that I decided I could not hack the 300 negative and sold for a little under 500k within 7 years was worth 1 million and today its worth 3 million..

Links to cases & articles:Fackler: https://casetext.com/case/fackler-v-commissioner-o...Balsamo: https://www.leagle.com/decision/198766254cutcm6081...Gilford: https://law.justia.com/cases/federal/appellate-cou...Murtaugh: https://www.leagle.com/decision/199714974qtcm75113...Grier: https://law.justia.com/cases/federal/district-cour...Chicago Law Journal Article: https://chicagounbound.uchicago.edu/cgi/viewconten...Other relevant reading not mentioned above: Anderson: https://www.leagle.com/decision/1982134944jptcm130...Curphey: https://bradfordtaxinstitute.com/Endnotes/73_TC_76...Alvary: https://casetext.com/case/alvary-v-united-statesRevenue Ruling 73-522 (no link, also language is not quite the same as 162, unlike other links - but illustrative that triple net lease may be a problem)Good Article: https://www.taxnotes.com/tax-reform/economic-analy...Good Article, mentions "Kissing Cousin Issues" as one of the other posters here pointed out: https://www.thetaxadviser.com/issues/2013/may/clin...Another Kissing Cousin Article: http://www.mntaxclass.com/files/RRETOB_Part_I.pdfEnjoy!

It's their fault, and the power lies with them to reverse their poor past choices and pick themselves up a bit by their own bootstraps.You're going to tell these new tenants that what's primarily wrong with them is not a legacy of a crime against humanity in the form of three hundred years of black slavery, followed by an unfunded emancipation that turned a huge number of Americans into desperate economic refugees based on the color of their skin, followed by a legacy of organized race hatred, bigotry, pseudoscientific and religious condemnation, and of course overwhelming and widespread intimidation and coercion, followed by a series of failed half-hearted half-measures coupled with an absolute refusal to consider slave reparations and the most lopsided minority levels of poverty and incarceration in the developed world.You're going to explain to these black folks that all that is of secondary importance, and what's REALLY important now is that they get better managing their money so they can hand it over to you more efficiently and you won't have to work so hard to get it.

Plus, legal evictions are expensive so I want to proceed as economically as possible.

Im in the same boat mate - some of the metrics and principles from the US texts will carryover but at the end of day, we're different countries with different economics, restrictions, opportunities etc.

I'm sure wholesaling can be expensive, but very small  compared to regular investing... it's a much more economical option.  

Historical is the absorption rate that has taken place.Forecast is a prediction based on the historical absorption and current/anticipated economic trends.Absorption rate for a year would be calculated  - number of total sales in a year divided by twelve = monthly absorption rate in prior year (average for the year).Current months of housing supply is calculated - number of active listings divided by the monthly absorption rate - total number of months the current supply should lastSo, 120 sales in the prior year gives you a monthly absorption rate of 10 (120/12).30 active listings would give you a three month supply (30/10).A three month supply in most markets would be considered the borderline of balanced and shortage.

The best advice you can get is to talk to a professional who knows your entire economic picture and let them advise you on the best course of action.

Then next, is this economically feasible?

Economic theory would also suggest that it would put downward pressure on the supply of housing because the policy decreases the incentive to construct and maintain units.