The sale had been postponed a couple of times. 

Seems kind of soon if someone is placing an offer and house is set to go to foreclosure - unless the foreclosure auction is likely to be postponed or cancelled. 

With a career change dipping into the money I saved to get my first property, my "Year of The Deal" may need to be postponed until the commission checks start to flow.

I am more than willing to take a  chance again and postpone the other rehab.

The taxers are not the issue, with a decent tax person you can do a swap and postpone the taxes indefinitely.  

It's great that you're able to put so much of your income toward the debt.I'm not in that position, but I think if I were I'd postpone the buy-and-hold rental approach till you get the loans paid off.  

For obvious reasons, after the site was acquired and preliminary work was performed, the project was "postponed". 

I spoke with my attorney and we decided to postpone the closing until they clean this mess up.

Are you just postponing a problem and then your renter will have to pay two months rent next month.

You would have just postponed paying it until your final property.If you can successfully do one flip per month, you won't have to worry about the capital gains until April 15th of the following year.