House is part of a large Golf community, and renters can pay $15/mo for access to community pool, tennis courts, golf course discount, horse stables, yacht club.My wife and I are engineers and max our 401k's. 

Almost $20,000 in lawyer fees and 2+ years of litigation later, we're foreclosing on the house in order to collect our court fees from him.After that, we adopted a very simple rule... we pull permits for goddamn everything, no matter how simple, no matter how ordinary.

Thank you for this amazing community.I'd like to get your guys' advice on my situation and what you think would be the best way to proceed. 

I said to him don't you think 95k is a little much on a flip fee.... well of course turns out the lady owed 200k on it and it was going to court house steps shortly.they list it with a broker for 265k and can't move it then call me in a panic as the house was going to be sold and they would make nothing. 

So the difference between the two, your capital gains, will still be the same, or more, and your tax liability at least as much, and maybe more.If you are looking to avoid paying tax on your capital gain, you can think about selling the property on an installment sale over, maybe 20 years, and you only pay one-twentieth of your tax liability each year, as you receive the profit, or you can think about using all of your net sales proceeds to purchase another investment property, and thereby defer the capital gains tax on the sale.Michael Lantrip

Depending on the conviction, we would also possibly decline the application.So the question is how do we proceed with this tenant?

He got that solved and found them a house where they ended up paying cash from the proceeds of the sale to us. 

This is why I am not sure what to do.Can I write a new contract stating I will let the buyer proceed to ##/## date, but if we are not closing, then I can accept another offer and put the property back on the market now?  

The asset you're trying to obtain is probably attached, until the court case is complete.

Now...we will see with the new homes and HOAs what happens in the courts as the law changed for the HOAs that have amended.