I know this area is very popular and some say over-saturated (I think thats any popular tourist area these days).

You bought the property knowing what the neighbour was like. 

So are we taking the CofO or the conversion to know which apply ?  

You should know the rules inside out or be working with the professionals that know it.Incorrect moves can result in not only a taxable event to you but to your investors.Based on your most recent response, i do not think you have a good understanding of1) requirements of the QOF(You may need to substantially improve a property)2) How long you need to hold a property before it can be sold to exclude the gain3) Inside basis vs outside basisBest of luck

The problem is most loan officers will not know this up front because they fail to do a "pre-underwrite" and get a "Loan commitment" versus a pre-approval letter.regardless of you using your own money they will "Not" use the higher appraisal value they must go off of the legal sales contract.

.- Peace of Mind: Knowing that your property is occupied by trustworthy tenants who have undergone rigorous screening provides peace of mind.

Hey BP,Do you know of any HELOC lenders that lend on investment properties?

But I know that I've never seen a property sell at auction in our market that was any where near enough of a deal to really whole saleAlso- you're buying the house outright with cash, IF you found a killer deal then I think you'd actually have to close then re-sell to an investor.

If you don't already know, Zillow Rental Manager just dropped Avail as a syndication partner for listings. 

Choosing properties isn't much more than knowing which numbers to run and deciding what you want to accomplish.