To me, the idea of LLCs is business smart because it not only protects personal from business assets (as well as one asset from another), but really spells out the expectations in the operating agreement and, possibly, a subscription agreement if there are multiple investors.Feel free to reach out to me or members of my team if you want to learn more.

I have been looking for a different perspective than my own.

It happens all the time for multiple reasons.I’d say a typical tenant stays 2 years in a house and maybe 1-2 in an apartment, depending on class

I’ve been a real estate agent and investor for over a decade and have only had this come up on a handful of occasions and prior till today no one has detailed out the rules to me  personally.These rules concern a fairly narrow set of circumstances that many investors will not encounter until it’s causing a problem, so no I don’t consider it common knowledge outside of lending circles.Not being able to sell a home for a profit for 90 days is from my perspective a fairly arbitrary guideline.  

There are multiple homes listed from anywhere between 34,000 to 54,000 (3br and 1to2 bath).

This could now be used again to buy multiple properties all of which have the opportunity of forced appreciation through rehabbing and increasing the rents.

We were paying $1950 for a four bedroom, to give you some perspective on how much you would be able to command in rent. 

This may be a silly question, but if it's a cost thing in the short term...could you build multiple pads < 5000 sq ft and avoid the engineering costs/permits?  

The contract has been extended multiple times, with the final date being 2/21.

There are multiple homes listed from anywhere between 34,000 to 54,000 (3br and 1to2 bath).