I'm not necessarily looking for a value increase by doing this by I believe the tiny master and unused basement are a bit of a turnoff compared to the alternative.

Doing extensions ad infinitum seemed unreasonable so there seemed to be no other alternative than to go with the cancellation.

Either way, do any alternatives exist to selling or refinancing as an exit strategy?

If this was a cash flow play I would go with the lower cost lower tax alternative but neither appears to have a good cash flow and may even turn slightly negative if deferred maintenance becomes an issue. what is your exit strategy.

Alternatively check out an attorney who specializes in copyright issues.

If I can't be comfortable with the SD IRA companies, the only alternative is to pay the federal & state income taxes & 10% federal early withdrawl penalty, so we can buy things other than what the brokerages offer.

You cannot buy or manage real estate, loan money, buy paper, or have the checkbook access you get with the plans mentioned above.This might be Ok if your alternative is keeping funds in a very limited, high fee, 401k that many employers seem to offer through companies such as AIM.

If you can mention your overall intentions there may be better alternatives for you to assist the kids.

“Lenders are becoming more agreeable or accommodative to short sales and other foreclosure alternatives because of the increasingly lengthy and messy, really, foreclosure process,” says Daren Blomquist, RealtyTrac vice president.

And just so I have this straight, generally the alternative to going the S-corp route as I am would have been to reflect all the flip LLC activity straight on my personal return.