I sold one for a decent profit after holding for 3 years and still own the other one as it remains quite profitable.  

Even though the property is still currently in good shape, it won't be for long if it remains vacant. - Stephanie

The first 250K (500K if married) in profit is tax free anyway under IRS sec 121.If it is investment property then any indebtedness tied to the property must be satisfied in a sale anyway so in theory the answer is yes but here are some things to think about.1.

Essentially, you're tying up a property with no money for 30-60 days and then, if you don't find a buyer in time, you can back out of the contract with your clause.

I will say that as a tenant, it was nice to not have to worry about anything, to have the flexibility to up and move to another city when the lease expires, and to have the ability to remain mobile.I don't think it's a stretch to argue that Millennials are less interested in owning property than previous generations.  

I am still learning the creative investing part of Real Estate and I figure that I dont want to tie that up in a rental, its likely too low for a flip, & wholesaling isnt much of an option due to being overseas & having no marketing experience.So I wanted to throw this out there and get your feedback & suggestions....Options that I came up with include:LendingTax LiensObtaining a Non-Recourse loan to do a rehab/flipPartnering on a rehab/flip (not preferred unless I know the person I am partnering with)

@James DeRoest  burned out landlords remain one of the mainstay's of acquiring new inventory... that's for sure.. and its true at virtually every price point..

I currently have a substantial amount of money tied up in two  JV projects, leaving me with less than I would like to have on hand.  

The market I am invested in is heavily tied to the price of agricultural commodities.

I tied the deal up quickly with 2 very critical amendments to my P&S Agreement (will discuss below).