Basically, you have hit the nail on the head.

We would kill for ANY contractor that could hit a deadline "professional" or otherwise!

If you are holding less than a year you would get hit with short term gains.If you hold for a years time you would get hit with long term capital gains.If you defer the gains with a 1031 after holding a year and selling to the city then you will not pay anything if done correctly.While there is no rule on 1031's case law and 1031 companies site 1 year as being safe to do a 1031.Anything less than that and the IRS has been challenging you are holding for resale purposes and not investment purposes.Simply have the city purchase after your 1st year of ownership is up if you want to avoid the gains taxes and do a 1031.

Congratulations to Josh for hitting 100,000 members.

Much easier to hit someone up on Facebook, twitter, or via a text.

Now a good deal hits the market and it is gone within the first 30 days.

Though the Level of "Pissed Off" hits another notch when it's a pissed off probate lead.

The former is like "I want to win the lottery" - it may not happen; the latter is going to happen, so figure out how to mitigate things.Definitely don't do a one-year lease starting in Jan in the northern parts of the USA - I would stop at 6 months and tell the applicants that do come around that you try to align your lease endings with the end of the school year in the early summer.

Then we hit a snag (as all mortgage proceedings do)...No lender is willing to credit us the rental income @ 75% because we don't have 30% equity in the property that we currently live in that we are going to rent out.

The reason it concerned him was that it would affect our own property values.So I ask you all, would you make a 70% offer on the house next door, despite the hit your own home value could take?