@Marysue ConnellyI'm not a lawyer and this isn't legal advice.Currently, if you want to discontinue a lease that is expiring, you simply need to provide a written notice to vacate to the tenant with the appropriate notice period - our lease agreement states 60 days unless a lease is month-to-month, Colorado law typically only requires 30 days notice.

Best,Enzo Di PalmaHello Enzo:Would you be interested in providing a quote or two about Florida cities ranked as good investments for an article to be published on the GoBankingRates website?

Much depends on what you give the CPA...........is it a shoebox full of paper or did you fill in their app?

:)Having done something similar years ago, would advise you NOT to quit W-2 until you have a crew you can depend on to do at least 80% of the rehab work.You should also be building a network that exposes you to more deals than you can currently handle.Otherwise, you're just trading one job for another and won't be able to scale enough to generate the number of flips you need to replace W-2 job.

Called out on it by IRS and NY State Dept of Taxation, provided my documentation and cited the code to both entities, which resulted in avoiding tax court and a reversal of tax liabilities.  

Like most everything in real estate, it depends on the location.

Having $250K is a huge chunk of change to be able to spread that out over multiple 2-4 units depending on your target area. 

Do we have to show proof to the buyer that he has settled the capital gains tax and/or provide the IRS certificate? 

One has a hard deadline otherwise the buyer may lose the home and the lender may lose the ability to provide the loan.

It's a great place to store your cash until you find the right opportunity that works for you plus all the other benefits it provides (not least of which is flexible terms and liquidity when you DO find somewhere to invest your money).