If he says he is not leaving, remind him that hold-over past the last day would result in eviction proceedings, which will make it difficult for him to rent in the future- not good for him.

Capital gains are for an asset that you intend to buy and hold, not fix and flip or even build from the ground up.The IRS says this:The following transactions result in gain or loss subject to section 1231 treatment.

To do that would require me to at least match but ideally exceed my current income so I'm looking to build a real estate business that can support that.

Here's a little about me:- I'm a very good saver, which has resulted in me having some capital to invest in deals.- I'm a very positive person,  and I'm looking to be around people who see opportunity in the future.- I live in Orange, CA- I'm currently getting my MBA at Chapman University and I'm pretty proud of the fact that I'm on track to graduate with zero debt.Looking forward to meeting you all!

If the collections accounts and the divorce are fresh, then the low credit score is the result and should bounce back pretty quick if they get rid of the collections and continue making on-time payments. 

@Brian SinclairI don't know if it fits this low-priced deal is a good fit butI like joint ventures with sellers where 70% of ARV is just too low, so the seller always rejects itSo on alternative is to do a joint venture with the seller, give a note with no payments for four months, now you're on title, you fix it, then resell it, and pay off their note when it resellsExample, $200,000 house, 20,000 in repairs, 70% of ARV minus repairs is 120,000 net to sellerFor the joint venture, figure 10% for resale costs or $20,000, add in $20,000 repair bill, add in $2000 in private lender interest, and a joint venture fee of $10,000 for the real estate investorThis is a better result for the seller, netting the seller $148,000

Look forward to future post on your real life results which is most valuable to the community.

362 Apartment complexafter repairs and new management, I think we can increase profitability 25%there are total of 6 apt complexes around, average rent for they other approx. 650.00, this complex average 555.00 month, If repairs, cosmetics are done rent can be raise to match area around to 600-650, witch will give a increase of 45- 90 dollars a unit. and 56 units that need repairs will increase there also. i figure a 2 year plan until profitability.

362 Apartment ComplexAfter repairs and new management, I think we can increase profitability 25%there are total of 6 apt complexes around, average rent for they other approx. 650.00, this complex average 555.00 month, If repairs, cosmetics are done rent can be raise to match area around to 600-650, witch will give a increase of 45- 90 dollars a unit. and 56 units that need repairs will increase there also. i figure a 2 year plan until profitability.Net Operating Income from Mar 2014 thru April 2015 is 1,078,360.50

With that being said, don't immediately make changes if you don't see results immediately... however if the ROI is consistently low, then you should be figuring out a way to improve the marketing.