I believe if you buy it with the intent of flipping it, that regardless of how long it takes you to sell that the earnings would be subject to payroll taxes.

While I may use this a few weekends a year with my family, the intention for purchase is to be a short term rental - where the 2 feet is irrelevant when it comes to finding tenants and for my tenants' experience on the property.Thanks!

My intention is to buy rental income property.

It's a little longer than we had hoped, but some contractor struggles had us take a breath, get going in the right direction and back on track. 

I never bought the houses with the intentions of maxing profits once they became a rental, so my ROI is pretty low right now on them.I would love to do a Fix and Flip, but from the reading i have been doing it seems i need slightly more cash on hand to properly do one yet.

wI have been looking for a 4 Multi-family unit in Montgomery county - Takoma park and and Nort-West DC area for awhile.My intention is to live in one of the units and rent the remaining.

My real estate agent says it should be ok for a week extension, but I made the mistake of googling it and saw that in 2010 Wells Fargo stated they werent taking extensions.Cons: Wells Fargo might not be taking extensions any longer, I am hoping somebody has dealt with them and knows frist hand.Pros: The owner had his water shut off intentionally which delayed our appraisalThe owner had his electricity shut off after that which delayed the appraisalThe basement flooded which pushed us to have more than one appraisal.PLEASE HELP!!!

I couldn't breath.

Thanks :)As`Steve pointed out before, since the owner is at the threshold of the tax treatment, selling 1% is pretty much showing an intent to sell and tossing the 99% over to be treated differently, doubt seriously if the IRS would buy that if audited.

The legality may vary by state so check if that is your intent.