The economy is in late stage recovery, yet you are finding 1% or 2% properties on the MLS?

Best of luck to you, and well solve in the recovery from bankruptcy!

I actually kicked around selling this year, but the depreciation recovery tax bill on top of my regular tax bill would have been oppressive so I was somewhat forced to hold onto this property.

Tareq Salaita We are 9 years into a housing recovery.

Meaning they go down in a down market and are slow to recover. I

Many of these students are athletes who are playing/practicing and can't be caught in a university lock-down of their dorm floor because of one positive test (Yes...that is happening). 

(Intent) And for clarification purposes, capital gains tax is up to 20% currently...plus 25% tax on recapture of cost recovery (depreciation)...plus, 3.8% Obamacare bump if income amount is large enough.I believe flipping is always taxed as ordinary income as it is considered stock in trade, irrespective of the holding period and amount of rehab. 

Firstly, I wish everyone who sees this post health, happiness, and growth during this epidemic.I am a student-athlete who has 1-2 more years of playing collegiate baseball.

So long as the velocity of money stays where it is now in mid-may, we will be in a long recovery.

Hey @Garland Young,The deals here in PHX have been harder to come by in recent years, as the ones that hit the MLS typically get under contract pretty quickly as the competition has increased exponentially since the beginning of the recovery about 6-7 years ago.