I eventually refinanced and bought him out. 

But there could always be circumstances warranting a shorter or longer hold period.When you eventually sell that new rental converted primary there are some changes in how much tax free profit you will get. 

I know of SFH's in a small development that are " condos" . 

If I can get him to lower 300 range plus holding the note at 6-7%, I can sell it as I won't refinance for at least 3 years, so he'll get the interest money but within 5 years so he'll eventually get paid in full. 

Would one expect for the housing market to follow the stock market eventually?

Hi,I am looking into developing a small 10 unit condominium in Downtown Houston.

Interested in connecting with inidividulas/companies which are into hotel development, special boutique/medium sized hotels.I have some land + developments available in prime location.So if you are interested, PM me.Thanks!

One day a developer stormed into State building shouting obscenity at officials. 

@Cole MitchellYou can certainly sell an asset by an S-corp to the shareholders as long as the sale is at an arms length transactions.The questions is should you.If you plan to acquire it in an S-corp(you will be forgoing the section 121 exclusion which you said you are okay with) if you are going to just sell it within a year - you should just sell it directly from the S-corp.Transferring the property from the S-corp to you personally and then eventually the buyers will cost more in title work.

I feel like a property manager will be good since we plan to eventually have many properties.