Another option if your profit is over that amount is to convert the property to a rental which would then qualify the property for investment use, Then do a 1031 exchange after a year.  

Just have to tighten up the numbers then I’ll post if we go forward.  

The only way I see this being possible is if I become a PM, collect all fees, take my cut, then redistribute to the owner.

@David Spangenthal They have an interesting business model for sure...and if it works for you and you are comfortable with it, then go for it.

With the auction, the government gets paid first (back property taxes etc), then lien holders are paid in order.

P.S. if this was only a couple thousand dollar audit I would just pay CRA and then they'd refund me once they've finished re-assessment. 

I believe the one good thing about that spreadsheet is that it can be adjusted by the State you live in. because costs are different in every State the estimate sheet i believe is based on a multiplier for the corresponding State, as most cost estimating books are based. that program does break down a lot of information for you and i think it is a good program, one thing you may want to check is if the program updates every year with current multipliers for the States ( program is probably based on a starting average value for each thing and then the multiplier changes as prices for materials change) and you want to make sure it does that.

If the offering circular says the noes are not secured then they are not secured..

If I’ve got the capital to furnish and decorate a property to compete in San Antonio, then do STR.

This is the stickiest one around here, they have a no more then 3 unrelated persons ordinances.