Rehab the new one and then hold as a rental to demonstrate intent to hold for rental/investment purposes and then sell the current rental and 1031 Exchange into another rehab into rental, especially if you are planning on doing one property at a time, this would make a lot of sense.

What the regulatory agencies are looking for is the "intent" to work the issues out with the mortgagor. 

Is your profile picture intentionally sideways?

If you are approaching them with the same intent, as it appears you did previously, what's wrong with that now?

Hello fellow investors,My intention with this post is not to find someone to offer all of their expertise for nothing in return.

He unfortunately contracted a chronic illness on the job and it is taking its toll on him. 

Those that do that usually get a post from me, I believe I'm rather good at spotting intentions and where something may be leading to.One issue, is that most can't ask a question about a product or service in the marketplace.

In 2011 my wives mother became very ill and deeded the house to my wife.

@Chris S My intention for the license is primarily for the educational value, how couds it be restrictive?

LOL.Okay, first let me start off by saying that I really had no intentions on becoming a real estate investor until about a month ago when my girlfriend and I decided that we would like to purchase a house.