Even if you hold it for a year, it does not qualify for long term cap gains as your "intent" would make it still a short term tax treatment.

ONLY downside is I am told they can be stained by foods but a good sealer and bee's wax treatment goes a long way. 

You will probably also want to repeatedly bomb the place for fleas....they may have had the dog on a treatment but the eggs can still hatch after the fact.  

LLC provides for pass-through tax treatment, which, for me, is a huge plus.

Or long term capital gains tax treatment, given the original intent?

Sure might be a few more cents but my returns on inspections are through the roof... hahaha sorry for the punIf I am concerned about Radon seek a company that not only tests but installs mitigation systems.Termite inspector, One that does inspections and treatments not one that does repairs.

What if his brother wasn't rich, and he went through six months of treatments and on and off hospital stays ... and lived, despite the odds? 

A short-term hold can make it difficult to argue that you did have the intent to hold, but if you could demonstrate that you did in fact have the intent to hold for rental or investment purposes but that you got an offer out of the blue that you could not say no to you would qualify for 1031 Exchange treatment. 

The smell of sewerage from a local treatment plant reaches the property three times a week19.

And I can't really sell at the moment because I don't have anywhere else to go.For the record, I don't want a HELOC because that's not guaranteed money if the bank decides to pull/reduce the line.Lastly, is there any truth (benefit) to having a higher mortgage payment on a rental and thus less profit to report, which equates to better tax treatment, or is it that just nonsense?