@Sendhil Krishnan @Dave Foster  Dave I have seen this many times over the last 30 years.unless they thought this threw up front I suspect this is inventory and they are in the business of creating lots to sell to builders and subject to ordinary income and the managing members are privileged to pay SET as well.I would think like you said the only out for him is to sell his % to someone one time and exit.Many times when I buy plats this is the case.. the seller won't record the platt for tax reasons IE they don't want to create inventory and by recording the platt boom its inventory..

Dave Foster is right.....even if you exclude the gain because of Section 121, you have to pay depreciation recapture tax.

@Dave Foster is a QI and can speak more to if a 1031 exchange is appropriate for you or not...

I think Dave Foster is about as expert as you are going to get here, and he basically says an extension is as common as a unicorn.

She has spent 35 years in foster care and is looking to provide a stable environment and be a supportive adult for children in the foster care system, as well as at risk teens.In the past 4 years she has had 20 foster children in her home, with four of them staying for more than 2 years.

Thank you @Dave Foster !!

@Allen Maris If your only using RE to foster your own investing interest you should be able to find a pay to play monthly broker.. something like 200 a month plus a transaction fee.. those guys will be far less sympathetic to back biting from agents.

Personally I would take care of the repair as a show of good faith and understand that this behavior fosters a good relationship between landlord/tenant.  

I agree with you @Dave Foster.

For the sake of the discussion, I'm thinking about big houses like Century 21, Long & Foster, and Keller/Williams, though I'd be interested to know if the process varies from the big guys to the smaller boutique operations.