nothing like it was demonstrated on the webinar.Please help!

This demonstrates their responsibility.

However there is a growing bank of case law that demonstrates that there can be mitigating circumstances where a hold of less than a year may be acceptable and more than a year might not be enough.  

And the extremely short hold time of the first property would make it very difficult to demonstrate that your intent was to hold the first property for productive us.

The critical issue is that should you be audited you would have to demonstrate that you did in fact have the intent to hold the property for rental, investment or business use.

Get started with the eviction attorney when we hand over the 3 day notice.File for eviction at the end of 3 days.Learn from this- Never allow a roommate to be added that cannot qualify on their own and seems to have demonstrated a pattern of irresponsible financial behavior.I have a couple of questions:Is there anything different/unique about evicting one roommate after the other moves out?

I think that your strategy of buying into a strong market without regard for timing can certainly work for someone with longer investment horizons, but my own are limited to acquisition during a downturn, a rapid value-add, and a couple of years demonstrating rent growth to exit at a lower cap and an appreciated property value.

This person was uninformed enough to take on a lease option on a 30k property plus spend cash to improve it rather than improve their credit with their demonstrated ability to save cash so they could put 3pct down on a property in much better condition7. 

Demonstrate deep knowledge about the target market by talking about specific districts/townships and how they fit in (or don't) with your strategy.   

There's no statutory holding period or laundry list to demonstrate intent but written correspondence, past history, actual length of hold, the method of reporting on your tax returns all go to paid the picture of your intent.