The podcast was #29: http://www.biggerpockets.com/renewsblog/2013/08/01/bp-podcast-029-peer-to-peer-fix-hold-dawn/ @Yang Xiao It was 174500, 3080 sq ft, rent ready with window treatments, towel holders, and landscaping.

Another highly visible feature is your window treatment and lamp shade choices.

@Gary Parker The seller could have (an almost) correct understanding of the tax treatment, but because we don't know how much of the $92K contract price is depreciation recapture and how much is long term capital gain due to appreciation, we can't really give you a definitive answer.

Looks like a termite treatment or multiple treatments.

Book keeping, tax treatments etc are better handled by professionals and at least one consultation with these professionals can always help.

Usually the most effective treatment that will kill them and their eggs is heat...then the question is what can you and can't you heat treat.

Hi Mathew, thanks for asking about in effect the tax treatment of non refundable option payments, rent credit etc!!

If you had the intent to hold for investment and were waiting for capital appreciation, then it would certainly qualify for 1031 Exchange treatment.

If so, then they qualify for tax-deferred exchange treatment under Section 1031.

Phil Z Fix and Flips do not qualify for 1031 Exchange treatment.