Some investors may not want to reclassify "carried interest" from lower taxed cap gains to higher taxed ordinary income. 

At least you gain a day on the way back.

I am in a similar situation; so my advice has no proof to back it, or value really...But, is the gain expected (on property flip/rentals) and probability of that gain 'WORTH' it to risk, over paying off debt that will forever follow you?

Situation:As a first time home buyer, and first time flipper, Fiancee and I expect a 2 year property to avoid Capital Tax Gain, and allow for time to DIY as much as we can comfortably do.

Also, I am looking for the occupant in hopes of gaining entry legally. 

I've been listening to podcasts as much as possible to gain as much info as possible however, it's a little overwhelming with all the "stuff" you have to keep track of.

The IRS will interpret the difference as taxable gain.

The tenant has been great so far and was happy that I decided to wait on the increase - time will tell how valuable those brownie points were.

Gaining a lot of equity monthly as well.I did find a guy who buys properties at auction, and sells them owner carry.

I've been growing my education in RE for about a year, and my wife and I have been actively looking for our first deal for about 6 months now.While we wait for that first deal, however, I want to make sure I'm also continuing to invest in gaining practical experience that will help that first one be a success!