Paid off five properties just to deleverage and reduce risk.  

That helped reduce the number of investors who won liens.

That’s $975 that you owe annually, reducing your 12 mo. yield to $1625 or 25%.There are many more ways, aside from using a wrap to make this work, including additional yield plays like an equity kicker.There’s a reason this is called The Banker’s Code.

She doesn't need a "salary" from the flipping business, but is not opposed to taking some income as salary or distributions to reduce any unnecessary tax burden.

I am interested in buying foreclosures at a greatly reduced price for flipping as well as buy and hold. 

So that is a consideration.Beware renting and then moving back in as there are restrictions and some depreciation recapture issues to deal with that could reduce the amount of gain that would then be tax free.Looks like you're in a great position to take this sale tax free and then move right into that next house and live there for 2 years before selling and once again taking the first $250k/$500K in gain tax free.And what if you banked the profit from the sale of the condo and in a year or so added to it and bought another house to fix and move into?  

Cops can be called, one of them can get looked up, and they can be having passionate "makeup sex" and professing their love for each other within hours.Especially if he is a narcissist, and/or she is a Cluster-B personality type.

Obviously get no takers, then a week later offer it again at a reduced price, then again, and again....leaves a bad taste in my mouth.

I definitely like the idea of asking the inspector for a a highlights of the inspection for a reduced fee! 

I understand the gov't is reducing housing caps in some areas as well as plug up this loophole for buying.