Especially now when NG is trending cheaper and electricity higher.I think you'll have a much harder time renting the units, tenants know it will cost them a lot more money.

@Albert Ng - assuming there was hard money involved, as it likely did, between holding cost of $100K, remodel of $100K, selling cost (realtor fee) of $100K, they need $2.1M ish to break even....So it is likely going to lose money if it sits much longer...

I have houses, with forced air NG, boilers NG & oil, steam boilers and electric radiant heat. 

I am considering the NG only because of the 19th and 20th SFGs and a potential Active Guard Position back home in NYC for the NYS NG.  

B I N G O! 

Hey, @Timothy Ng, might you share, in what part of town is the property located? 

Again it's not because you're white/black/gay...it's because you have a *****ng hoodie on at night when it's 90 degrees out. 

We are also both Realtors so makes this process a lot easier (just added a NH license to our existing ones for our planned "move")2.) 

Hey @Nicholas Rella - most likely not, otherwise people would be 1031'ng all of their capital gains indefinitely without reinvesting back into other properties (which is what the government wants real estate investors to do and the whole purpose behind the 1031 program). 

@Peter Bowen , @Kim Meredith Hampton , @Rich Ng, @David KrulacThank you for your help!