Now granted that outcome is a very real possibility but going after the sponsor right this minute all but assures that outcome .

They offer renters a unique option that feels like home but without the long-term commitment.A developer friend of mine in San Diego recently completed a BTR project on a former industrial site.

apreacial What was the outcome?

Does anyone have any practical experience with similar situations and if so what was the outcome and how long did it take to resolve everything?

To give you an idea of what taxes look like on a sale below is an example for a property in Texas, obviously everyone's situation is unique and you'll need to meet with a CPA. 

My first MF I represented the buyer on I made 100k. for maybe a weeks worth of work. 3. if your going to be looking a more resi style duplex 4 plex a lot of those get listed and having access to the MLS is far superior to any other on line listing service ONE simply because you will be able to talk to the actual LIsting agent not someone paying for leads.And then of course having access to MLS lock box's and not relying on agents.. this is huge.Now if your maybe going to buy one property sometime in the future and you have no interest in learning the RE laws of your state or making any money with transactional real estate then sure.. its a pass.. although I would still recommend the pre license course so you learn the basics  the vocabulary and states unique laws.. knowledge is power in RE.

Highlighting unique property features is essential.

Austin is a unique beast in itself, and many property owners have an overly inflated perception of their property's value.When I flipped a property in Austin, I sourced it through a New Western agent.

Because MTR is a unique hybrid somewhere between LTR and STR, I haven't found an easy way to get a rent estimate.

What was the outcome?