Fix her and her co signing husbands credit during the 6 mos (We run a credit repair business)Sell back to her in 6 mos at $250k (ARV $250k) (she wants to not have to put more money down at that point.)HERE IS THE SCOOP ON THIS ONEsister(Amanda) and husband ( put $20k down to buy a house under her brothers name with the good credit in 2008 for $199kFixed up the place added horse stalls for breeding. masonry and other value adds for them.

@Demjan Van Der KachBelow are the links for two podcasts with the guest CPA Amanda Han that are full of amazing information, including some tips how to take deductions on your expenses.

Sorry @Daniel Han, In order to use the 1031 on real estate you must purchase other investment real estate.  

The Book on Tax Strategies by Amanda Han could be a big help. 

For those of you who think my tax projections are off base, check out this post from Amanda Han What Every Investor Need To Know About FlippingFor those of you who think buy and hold is stupid but would like to pay less to Mr IRS, I would recommend you review your tax return this year for the following. 

Amanda,You will get more accomplished by asking for forgiveness than permission.

Sounds like you have a plan moving forward Amanda Fox!

Amanda 

@Brent DavisWelcome check out Amanda Han who is a real estate CPA active on BP.Paul

Best Wishes, Amanda Dallman