Welcome Travis,Sounds like you're well on your way to gaining your financial freedom and won't have to "work for the man".

I see him as trying to get attention on what he feels is a very bad situation and he (apparently) sees neither the board nor the mc doing anything about it.

Should I at least bring it to thier attention?

On the other side of the coin, Joe has no risk in this and nothing but gains and rewards and has no consequences on his actions in regards to this operation.

On the other hand, you get favorable capital gains tax rates vs. short term cap gains or ordinary income (and maybe self employment tax) on a quicker flip.

Once the deal is in escrow with everybody’s interests at stake, there is much more attention paid to resolving title issues.Don’t worry about all the what-ifs.

If it's in a good area, and someone wants to owner occupy one unit and rent the others, they could definitely gain from this when you figure in the tax benefits even if there is some negative cash flow.

That is what goals do, they take you past the short term obstacles, and onto the pleasure that lies on the other end of that obstacle.Control your focusHaving clearly defined goals will provide a very specific place for your attention to go.

Hello All, I hope I caught your attention with this headline!

Unless you can get in a residence and slowly rehab it--sell it in two years and make a tax free gain I'm not convinced this plan is doable.