I have 15 years experience as a Project Manager building Multi- Family projects anywhere from 9 unit town homes, 200 mid rise projects, to 400 unit Garden Style developments on previously undeveloped land.

Additionally, I'm not sure if the 40 hours of coursework that I will have completed would ever expire or not.Sorry to use BP as a glorified Google here, but I couldn't find much about this on my own.

However, due to Prop 10 and peak purchase prices, I am considering to diversify to other areas and style of investments.

@Chris GrenzigIn addition to vinyl plank mentioned in the posts above, I have clients who will finish (polish) a concrete slab and use it as interior flooring.

These are professionals with additional training and a stricter code of ethics.

If there are any obvious issues like posts that are unsupported, joists that look not connected or cut, cracks or crumbling in concrete or block walls, anything that looks wet or signs of pests.I also keep an eye out for what feels like unpermitted additions or covered patios.

And the caps on a cottage style roof, and not sliding off with a 18' drop.

So my tax consequence should be about $3,300 (long-term capital gains from Property A, plus depreciation recapture of Property A), in addition to the tax (short term capital gains/ordinary income) on the gain on the sale of the replacement property C (probably about $15K x 24% = about $3,600). 

My business partner and I ended up forming another company and bringing in two additional partners that were already doing flips in the area to help increase our capital and our ability to do more deals. 

In addition to Matt's sound business practice of fixing the home, most states which includes mine GA, tenant law says; landlord may not contracturally transfer responsibiltity of maintenance to the tenant, its always the responsibility of the landlord.....