I understand that you avoid capital gains taxes doing it this way.

I avoid those like the plague with the centers we are looking at.

The trick for you at this point will be avoiding "lifestyle creep" and applying as much as possible to debt paydown and savings for investment.

If a property is properly priced, you don't take an annual loss of $1400 in potential just to avoid a one month vacancy.  

Does anyone know if it's possible to pay all cash to take their name off of the deed, thereby avoiding closing costs, refinancing, capital gains, etc?

As Master always said "one often meets his destiny on the road he takes to avoid it."

Under fha guidelines I have to owner occupy the property for at least a year and 60 days my question is with the tenants approval can I move them into my current home a few streets down avoid a costly eviction write up a new lease and null there current lease so I can occupy the property to satisfy fha  I would still cash flow with this strategy? 

@Fred Heller and @John Thedford I was told by another investor filling the pool here with the size can cost me up to $5,000.I walked out of the deal to avoid the troubles and there are many other things to fix as well that are non-pool related.Thanks for the advices!

Don't use the exact words for each message, don't send to many reguest in a short time to avoid the system thinking you are sending spam.Take advantage of what Bigger Pockets has to offer such as: ebooks, forums, blogs, webinars, podcasts, keyword alerts, @mention, awards system, learn section, informative people in many fields of real estate, colleagues, and more.

Then you need to simultaneously identify a new property and sell this one.Its lot more complicate, but working with a good team will get you through this and avoid capital gains on the property sale.Upen Patel, Mortgage BankerFederal NMLS# 1374243