(Dad also absorbed the tax consequences of that equity gift.

From the day that the EAT takes title to the land you have 180 days to complete all of your sales (and raise the value of the land to a point that will absorb all of the sales).So just as an example for readers:  Let's say your land can be purchased for $500K and you want to build a $1mil building on it, and your 15 homes are worth $1.5 mil in aggregate. 

Lots of information i need to absorb around the RE world.Many thanks

Thanks for the great forum here & I look forward to making connections and absorbing and utilizing as much knowledge as I can! 

The Book I recommend is What Every Real Estate Investor Needs to Know About Cash FlowFor Economics, I recommend reading things from the Economic Calendar from Bloomberg: Bloomber Economic CalendarEconomics is very difficult at first, but will take some time to absorb it.

I was reading into the scenario that the gain wasn't really great enough to absorb the extra cost of a reverse.

TO get applicants in ,, we would say Free applications,, with signed lease.. so if they qualified, we'd credit the cost of application back to thier account,, they all still had to pay the application fee,, we just absorbed the cost if they signed a lease...

There are also latex topcoats that have active enzymes that will "absorb" ambient odor such as Harmony from Sherwin Williams. 

During the 3 years, I would be attending college, I would be networking as much as possible and absorbing as much information as I can about real estate.

SO much information to absorb but I can't put these books down!