Not adding the right additional provisions (for example that the seller can't sign a new lease with the tenant prior to closing, I saw this happen and buyer was stuck with a tenant who the seller was friends with, paying way below market rent for 3 years lol). 5.

Prior tenant had no complaints.Two different plumbers have gone there to investigate and neither smelled anything.

It wasn't addressed in the sale contract and I didn't want a fight at walk through so I asked prior to settlement.

Was so great I didn’t even know that the course was missing a lot of actual instruction.

Only taxpayers that are solely deducting the investment interest expense, do not have a carryover of interest deduction from a prior year, nor have an interest expense that exceeds the investment’s income with interest and dividends do not have to file Form 4952.

Make sure to have all funding and budgets in place prior to commencing construction!

Act and put the lessons learned into practice, accepting that failures are instructive and may help you succeed in the future.

Apparently, because this was auctioning taxes not paid in the first years prior to the financial crisis, there were more properties on the block than ever before in Franklin County - over 40. 

And evaluating the track record is a call that's made first by the taxpayer or their CPA, and ultimately by an IRS auditor (should one get involved). it is very true that the IRS cares about intent with respect to capital gains in real estate -- I've certainly seen cases where the statutory timelines were less important and the identified intent of the investor.with respect to determining whether you qualify as a developer or an investor, it's much more of a "forest" than the "trees"...so holding any given investment for 14 months prior to a flip is certainly no guarantee of receiving long-term capital gains treatment.I hope this helps.  

If it were me I'd fix it up to rental quality, no furnishings and rent to the first qualified tenant to apply (3 x the rent gross household income, no history of court with or debt to prior landlords).