You would then have 21 days after the 4th person moved out to provide a full disposition of funds. 

Unfortunately, it is just as likely that the owner will pass on having done nothing to direct the disposition of her property.   

I have done everything from acquiring a property to dispositioning property for wholesale.I have built relationships with real estate investors.

Capital gains will be assessed based on FMV at the time of deemed disposition.

Many syndicators make their money from the acquisition and disposition fees. 

Combining both capital loss and passive activity strategy:If you have a capital loss carryover into the year of a disposition of a passive activity, and if the disposition generates a capital gain, the capital loss carryover can offset the capital gain.

-if doing short term buy and disposition, real estate values may decrease so it is potentially more risky in this economic climate but not impossible.

I haven't seen many holey people running around in garages that those beams can shoot through.That being the case though doesn't mean much if your tenant is of the disposition that everything you think is wrong and everything they think is right.   

You would only subtract routine permissible selling expenses such as:Permissible Selling Expenses and Closing Costs: Owner's title insurance premiumsEscrow agent, settlement agent or closing attorney feesReal estate agent’s or broker's commissionsFinder fees or referral fees1031 Exchange Qualified Intermediary feesDocumentary transfer taxesRecording or filing feesAttorney fees and costs related to the disposition or acquisitionTax advisor fees related to the disposition or acquisition You would NOT subtract any non-permissible operating expenses or costs nor any lender or financing related costs such as: Non-Permissible Operating Expenses, Lender or Financing Costs or other Closing Costs: Financing or lender costs such as loan fees, loan points, appraisal fees, mortgage insurance premiums, lender's title      insurance policy premiums, and other loan processing fees and costsProrated Property taxesProrated rentsInsurance premium paymentsSecurity depositsPayoff of credit card balancesRepairs and/or maintenance costs

But looking at this deal on its own, you could take an acquisition fee, charge an asset management fee, and collect a disposition fee.