It's also never been vacant (it's probably under-rented, but I didn't know any better at the time) and we have around $40,000 in equity in it, plus the cashflow we've made during the rental period, along with the lown-paydown, etc.

Small loan of 50K very short term.

Back Story:I had a seller call me from one of my marketing campaigns, I checked out the property & long story short I was able to get it for the price I wanted.  

My fiancé and I just got our first offer accepted for a four-plex in Dallas and are looking for some advice on our analysis before our option period ends. 

Right now the only thing in the 0-60k range in all of Nassau County on MLS is a house boat in port washington:) You can find some beat up properties in suffolk or some unrealistic short sales on MLS.

I keep hearing the term 'short term capital gains tax'

Our short term goal is to do a live in flip, move, rent, and repeat. 

In short, they were greatly incapacitated even before this announcement. 

Do you have some/any of these complexes identified or you have plans purchasing as they are available over an extended period of time?

I tried two other attorneys who fell short, and am very grateful to have him on my team.Please be in touch with him if you're looking for a good Bay Area RE attorney.