So for say CA. folks who have seen massive run ups in the bay area many can sell and make 500k absolutely tax free same with SEattle were this OP I was addressing lives.. so if you rent you will never get this tax treatment..

Typically, co-ops are cheaper but have higher monthly fees.

Lastly, the OP is too far off saying rehab costs would be 20 to 30K (or whatever) I think he was off with a range about 50%, I can get closer than that in my head after a 10 minute walk through.

@Joe VilleneuvePerhaps but it wasn’t the OP inquiry.To maximize ROI play to your strengths.

Originally posted by @David Abbate:Don't forget to tell the OP that he'll either have to pay back the depreciation at a 25% rate when he sells it or 1031 it into another property of equal or greater value.If your effective tax rate isn't even 25%, and you have no plans to use a 1031 exchange, you can easily out-smart yourself on depreciation. 

@John Thedford not trying to sell anything i don't own. it's a contract. i was just asking advice how to avoid the agent with the listing contract from circumventing me. i think that is the essence of what the OP was asking. i understand the whole own it thing. however; tis better to control it. own nothing, control everything. thank you

Ditto.The OP background is the mitigating factor.

I purchased a CO-OP that needed a total rehab at a discount price in 2004. 

If the OP is truly financially independent, why mess with wholesaling?

You and the OP don't like what I have to say and that's all.