In fact, the manager may resent you and is far more likely to forget to enforce your changes because they are not part of his ordinary process.2.

Thanks for the insights everyone, it seems like its not out of the ordinary then to be locked and not able to float down easily.

If it was not your investment/rental property that you held for more than a year, it might be ordinary gain, not capital gain. 

I’d hear mortgage brokers always say to hold off on doing anything out of the ordinary, like large purchases, during a loan application.

Upon the expiration of the Lease and any extensions thereof, Tenant shall surrender the Premises in as good of state and condition as they were in at the commencement of this Lease, reasonable wear and tear from ordinary use excepted.The issue here is there is not mention of a $$ for a Penalty. 

Additionally, if down the road you transition into full time real estate professional you'll be able to general rental losses against ordinary income. 

., whatever's left over I *believe* gets taxed as ordinary income.  

For a high level, when you sold your partnership interest, you generally determine the taxable gain or loss, its character (ordinary or capital), and holding period (long-term or short-term) by reference to the partnership interest—not by reference to the underlying partnership assets.Get a professional, please. 

This means the profit is taxed as ordinary income (not capital gain) and subject to self-employment tax.If, however, you're portfolio shows a history of rentals, you intended to get into this property as a rental but ultimately decided to sell for whatever reason, and this "flip" is not a regular occurrence, you may be able to avoid classifying it as a flip subject to ordinary income and SE tax.Definitely make sure to speak to your CPA to get specific advice on your personal situation.

Account Closed said, gains on the sale within a year of purchase (short-term capital gains) are taxed at your ordinary income rates.