The good news is the error is in my favor as my tax guy didn't carry over unallowed passive losses and then didn't apply them to a property sale last year.

If my super-brief research is correct (http://azbigmedia.com/azre-magazine/brokerage-news...), at the 2014 $1,159,500 purchase price, I can see a fair-to-good CoC return with only 20% down, depending on additional terms, fees, and running costs.

The good news is that I still made a profit, although smaller than I planned, and I got one heck of an education in the process. 

Here's a link to the article is anyone's interested:  http://www.wenatcheeworld.com/news/2016/sep/10/ret...If he owned in his personal name and they passed to his estate, his heirs would face no taxable gain if they sold soon after his death as far as I know.   

Keep your fingers crossed that the rush to buy land, any land on dry ground, South of Progress Village and Bloomindale continues because companies like Amazon pay outrageous prices for raw land just South of you in Ruskin to build enormous warehouse busineseshttp://www.tampabay.com/news/business/realestate/a...and that the Port of Manatee will be built out, like planned, to be a big container port for the Panamax ships that will be sailing into Tampa Bay to offload everything from China.

Steve Babiak - good news of sort, the tenant vacated yesterday and left her keys.

I am guessing that the following sums it up well:http://www.kreisenderle.com/news/real-estate-selle...Since it seems that my realtor is not familiar with this side of business, what steps should I or my realtor take in order to secure this deal?

So lastly, on the topic of taking out multiple FHA loans (one at a time), this is news to me, if I get an FHA loan, would I have to live in the property for a year to get another FHA loan on a separate property or if I did that within the first year of residency, I would likely have to refinance?

This is great news for investors.

http://6abc.com/news/woman-accused-of-scamming-landlords-out-of-thousands/1510555/You have to be very careful when you are renting your units; one of the landlords in that article was even using a property management company to place tenants - so if you think that is being careful enough, it doesn't seem to be ;)Doesn't seem like any of those landlords did enough proper due diligence before renting to that scammer ...