There are normally delays involved with short-sales so you should take that into account.

I'm not a lawyer, but I don't see how the property owner could be held accountable should he offend again.

What do you wish your accountant did better? 

Account Closed  I would think any realtor could get you that list.  

I have consistent income for the past 2.5 years, money saved, as well assets such as an investment account which I hope can look convincing to a bank.

My spidy sense started to tingle at "$500 each in profit," that's a lot and makes me think that either you're not properly accounting for all of your expenses or you have so much equity that your ROI is terrible.

Since you're doing two exchanges if one of you were to purchase that property solely from their exchange account you would have sold $165K of real estate and purchased $225. 

We are in California.He just passed away today, so I'm beginning the process of transferring assets from his trust to my accounts (which is what the trust says I should do, since I am also successor trustee on that trust), once I get death certificates in hand. 

I'm paying off as many as possible using real estate as a savings account.  

Im a 19 year old from Miami working a part time and studying an accountant major in college.