Master Lease at closing provided full economic vacancy until remodel is completed.

I have done a lot more research into the economics of the deal, property condition, price trends, etc. 

You should be able to show an independent reason for the refinance (the literature calls this independent "economic substance") so that it looks like you would have pursued the refinance whether or not you sold the property or did an exchange. 

Armed with a better understanding of the economics behind them, he purchased a flip at a substantial discount and finished the rehab.

That makes sense to me.You are basically saying that Austin can not compete economically with Los Angeles. 

I usually have 1-2 week economic vacancy on the turns.

We volunteer with Safe Families of Greater Milwaukee which is a group of churches helping families in crisis by taking in kids while parents get stabilized and offering prayer, guidance and support to get them back on their feet (mostly single moms) and we also volunteer teaching financial literacy to teenagers through SecureFutures.

It's one of the only highlights we have economically right now.  

I too am in the early stages of my real estate investing career in SNH and purchased my second property amidst this crisis.

Kitchener Waterloo has a solid economic base including high-tech companies such as google which are driving more jobs and more influx of people that will need housing.8.