What you really should do is stop trying to play the shuffle cup game and deal with your mortgagee on that matter so you don't have to worry about these types of things.

It's easy to get sucked into the games that tenant will play. The

In this case, I think it would def. make sense to play the loopholes game to avoid this tax at all cost. 

You have to play the cards you're dealt if you're going to stay local. 

I'm with you on the long term play, the rate values typically are going up it'd take drastic drop just to get back to already high prices...

Seller wanted 9 mil, and we negotiated it down to 8.5 million.Lesson- It's a numbers game, and you only get the deal if you take action and play the game to increase your numbers.2) To get a deal like this we needed a total of about $125,000 to cover the $85,000 earnest money deposit and the due diligence.  

However, I believe that it is much easier when one has money to play the game at a high level. 

If this is a stepping off point with a large part of your capital invested you might not want to play the long development game with it for a big payoff that might not happen or be a smaller payoff then you thought because of market changes in rents once complete, additional legal costs, etc.I have worked on projects assembling 25 acres for a 650,000 sq ft mixed use development with an after build value of 150 million dollars.

She sounds like someone who either knows how to play the system or would like to use you to learn.Very wise to have your attorney make sure you are doing everything by the book.

If you bought the property with the intention of fixing it and selling it the one year time frame doesn't come into play. The