Of course I want to minimize as much of the inconveniences possible with such a situation but some is inevitable. 

The city nor our architect understood the structure of the affordable housing regime that allowed this delay.2) our architect was incompetent in moving the project forward.

Staying in front of things will give you & your tenants more peace of mind & minimize problems on back end.  

However:Capital gains taxes can be minimized through deductions like rehab expenses, holding costs, and agent fees.Alternatively, if you decide to keep the Mooresville house and rent it out, you could potentially defer capital gains taxes through a 1031 exchange, but this only applies to investment properties (not primary residences).

And for vast majority of persons delayed debt payments results in accruing debts, because they find they have less left to pay down than hoped.

This will minimize the tax burden of the gain you currently have and defers any other gain through the 1031 giving you more buying power going into the future.

This was buying dead brands where PROFESSIONALS in those particular industries in question couldn’t avoid bankruptcy and every single major brand in those industries failed to bid even a minimal amount to buy those brand names  - because they knew those brand names were worthless.  

I'll do my best to answer your questions as directly as possible with minimal fluff. 

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

As an agent I have seen deals fall apart at closing or get delayed the day of closing.