The zoning official can tell you but also CCRS may play a role as well.

What I am wondering is where does *depreciation* play into things?

@Cindy Spoo  I have quick question, is there a way to collect referral fees and be inactive so you do not have to keep an active license and keep up with the continuing educational classes etc...? 

You would be foolish to ever quit your job if you want to continue to invest. 

(Tom) Waggoner continued to expand his ranching interests.

They are one of the main components in the changes we see in the housing industry, and will continue to be for years to come.

Needless to say I did not want to insult the owner, and let them know I wasn't able to make an offer.Fast forward a few weeks and I get a call stating that another flipper was offering them a low number, and continuously calling.

Cashflow is negative, but Total ROI is 25-30%, meaning this would be an appreciation play and would provide a nice roof over my head and some gratification of owning a nice home.My guess is that it's somewhere in between these two scenarios.I'd still continue investing in future buy & hold deals, but this would mean I'd probably have to take a year off to rebuild my savings.  

Is it time to "cash out" while the market is hot, or continue to hold these for cashflow? 

Hopefully taxes don't continue to increase but not exactly optimistic about it.