I have time to learn, but not time to learn before the red or green light decision on this one due to the upset bid period limits. 

Rents for a 2 bedroom are roughly 1000 for a decent place and i know a lot of people on here think thats a lot but it is typical hereMy business partner and i would initially move in to each side for rehab approx 1-2 yrs and "pay rent" we are young and already live together so thats not an issue we bounce around periodically, we would push off seperating utilities at least until we moved out, or maybe much later if possible.Anyways, Has anyone on here done this before or thought of doing it? 

Hi Jerry--If what you mean is--Are there fully amortized (non balloon) as-is Rental Property loans that have longer than a 3 year fixed period?

They have 80 yrs left during their option period, yet they have the right to terminate after this year and every subsequent five years.

Houston holds the largest rodeo event in the world, lasts damn near a month, and you'd probably make a big part of your ROI during that period. 

That gets me to my catch 22.My wife and I are hoping to get into VRBO world so we can enjoy and make more cash flow than we are currently making, but I'm wondering if we should put that off 18 months, rent out the property again and then reconvene at a better time or suck it up, lose a few thousand off the asking price and get moving on our goals...Financials - We owe 143,000 on the house (refinanced to conventional from FHA right after the seasoning period), it rents for $1850, mortgage, taxes insurance, HOA is $956, we just sunk $11,000 into carpet, paint, landscaping, replaced a vanity to get it ready to sell and I fear renting we might have to redo a couple of those things. 

That's true- and if it was a short term rental with average rental period of over 7 days I would put it on E. 

For a high level, when you sold your partnership interest, you generally determine the taxable gain or loss, its character (ordinary or capital), and holding period (long-term or short-term) by reference to the partnership interest—not by reference to the underlying partnership assets.Get a professional, please. 

Again, I would see an unjustifiable gap that the company won't negotiate on as a sign that maybe their model isn't very efficient somewhere up the line. 

Private money is expensive, so make sure you have project bids ready and contractors scheduled before closing to move fast and efficiently.