As far as not being about to do a 1031(Like Kind Exchange), You most definitely CANNOT; this is because the property is a flip, you have said so yourself and your holding period will indicate this as well.

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we oldsters call it "timeless"I am not a flipper, but I am currently shopping for replacement rentals for an exchange and one of my criteria is brick, stone, or vinyl exterior.

I'm sure you're gonna find this a great place to network and exchange ideas.

Attorney Barbara Nelan, who tried the case, "this will take a big bite out of" mortgage scams.Prosecutors say Hill — through his company, Pinnacle Development Partners — acquired more than 50 houses and 250 condominiums at cut rates, then "flipped" them by selling to straw purchasers who applied for loans to cover the higher prices.Those pseudo-buyers were paid kickbacks, according to prosecutors, in exchange for using their names and credit.

I feel obliged to add something of a landmark; something that will have my name on 50-70 years from now for all the good I have got from Uganda.I also believe undertaking such a project that will employ over 2,000 Ugandans directly and bring in a lot of foreign exchange is a way of giving back to Uganda and its people for the business, support and the warmth they have accorded me.

Below are quick links to get engaged on this site.There is a forum for Realtors that you may join. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

In my case, there was some countertop trim we were able to remove to allow us to just barely exchange dishwashers. 

There are so many reasons the owner may want to sell both properties:The properties may be on the same noteThe owner may be using a 1031 exchange strategyThe owner may just want to liquidate all @ once rather than spread it out w/ multiple transactions.  

I met with 4 folks and we exchanged bundles of business cards.