If you can move the contract yourself from point A to Point B and back instead of letting the attorneys overnight it then you can get this process done fairly quickly and hope no one has put in a higher offer.

So set up your own leases as of March 1st, give them notice before end of January that your lease will be effective Mar 1 and rent will be $$ and terms will be only month to month.

You can get good money from March to October but the other months I am happy to cover cost.

The taxpayer must still meet the ownership and use and the one-sale-in-two-years tests of Secs. 121(b) and (c), and under Sec. 121(d)(6), gain cannot be excluded to the extent of depreciation adjustments attributable to periods after May 6, 1997Audit points: You could argue they were necessary, but generally remodeling is not considered a need and arguing with the IRS is not a good idea (more on that in a minute).

So my tenants informed me that they are closing on a new home on February 17 and would like to have an early termination starting March 1 if I can find new tenants.

Also the flip schedule is about 5 weeks hope to have it on the market by mid march. 

I'm looking more at class B and C neighborhoods because frankly I can't afford to get into class A neighborhoods.  

I have one of those interest only/adjustable rate mortgages and the payment is due to double in March 2017 with the interest rate increase and principal being added.

We're thinking about renting for awhile while we network and get to know the area better.We should close on our NYC by March 1 so we can make the move pretty soon thereafter.

If those are done prior to the appraisal being done then there shouldn't be any repairs required.)Seller to provide a home warranty for $560Closing date: March 10th (She could close earlier, but she is allowing time for the bathroom to be done and then the appraisal completed) FHA FinancingBuyer 2 ( He is aware of the bathroom being remodeled and I told him that it would be mid Feb but I couldn't confirm the date): Sales Price is $134,900Closing cost is $4047 Inspection period is 15 business days (19 days)Financing contingency period 30 daysEarnest Money $1000Seller to provide a Home Warranty of the buyer's choice(The agent did not put a cap on it, if this offer is countered an amount will need to be entered most warranties cost between $500-$600 depending on the features, but they can go up to $800 depending on the additional options selected.