Your best plan is to wait it out unless you have the specific skills to close escrow subject to the IRS lien and use your knowledge to remedy or compromise post closing. 

There is an entire universe of subject matter here and it is not clear which direction you really are trying to venture of into.  

If it was stock it would be strict capital gains.If it was just a gross gain such as on a stock or item not subject to depreciation it would be taxed at 0 percent, then 15 percent, and then if your taxable income where to reach 406k it would be at 20% of the amount over..3.8% on 210k would be: 7980 on top of the income tax.

This would fund "non-creative" investments, such as qualifying for a loan and then finding renters.The second side entails putting my degree aside while investing myself 100% into developing as a realtor, building my network and skills, and learning how to creatively invest with JV partners, owner financing, subject to, and lease option. 

But be aware you are NOT assuming the loan, just taking over the payments subject to the existing mortgage.

I'm reading, listening, studying everything I can on the subject of Flipping and I have one question for all the Pros out there.

For those outside of the this area or out of state, what thoughts do you have about the subject having fresh eyes and not directly in the New Haven market?

I  recently bought a property subject too right before the holidays and put a nice penny into it,  however I  didn't want the deed recorded that soon.

From: Todd To: Bobby <> Sent: Wednesday, January 6, 2016 12:54 PM Subject: Re: DUPLEX for SALE Yes to the B unit increase as well.

There are many posts on the subject of market cycles here on BP to get you started.Alternatively, if you cannot find property that cash flows how about looking for other types of deals to make money.