You must have the Business tax license & pay all the fees required.  

You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.

However, there is a requirement that in order to defer all tax he must purchase at least as much as his net sale. 

I was under contract for a property, and the financing fell through due to the property not meeting the lenders requirements and not being sufficient.The seller is trying to keep the EMD as I have signed and requested the mutual release.

Great thread - it actually inspired me to try changing some of my photos around.

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

we're trying to protect you and your family - hence the 'suspicion' =)

If you would like to continue to operate as a short term rental, you will need to submit a new STR application for this property and must go to the Board of Adjustment and be granted a special exception for staff to approve this request for a Type 2 STR Permit.The Board of Adjustment consists of eleven (11) members; you will have to get a concurring vote from nine (9) out of eleven (11) members in order to be granted the special exception.

If you are going to sell then you must understand the tax implications.