Both sound highly desirable for CRE investors.

Changing the image and desirability of a project usually takes time, effort and money.

If, at the time of filing such a return, the period withinwhich the converted property must be replaced has expired, or if such an election is not desired, thegain should be included in gross income for such year or years in the regular manner.

But, ultimately the job will get done, get done well and I'll make a profit.The least desirable option is the retail-level GC who will charge $100-200 per door, give me a stress-free project, but where I won't make any money in the end!

This way you have a sliding scale that can account for discrepancies relating to property condition i.e. quality and desirability of each property.

I would like to purchase my first buy and flip property this year, but I need to gain a better knowledge of the Noblesville and Indianapolis markets which are my desired areas. 

They are definitely a real estate company first and foremost; after all, they do own commercial real estate on some of the most desirable street corners in the world! 

Because I have zero desire to deal with the ins and outs of managing investments (tenants, rehabs, etc.), I have a thousand more fun things I would rather be doing, life is too short (if I don't enjoy doing the ins and outs), and don't forget the big one...time is money.

Personally, I'm looking to get my feet wet with a 12-20 unit apartment building in a desirable area of Atlanta where I live.

If this model works out, our plan is that eventually this property will feel like an upscale campground that might also be desirable for large families or reunion groups to book multiple units at once.