Luckily I had somewhere to stay during that time, but it could have been really tough.

Hi Heather,It is a tough call to make but since I have dealt with the same situation myself as a tenant and as a property manager I can make a couple of suggestions. 

If your financing is in your personal name, it might be tough to get that refinanced under the LLC.

Another thing we do is have materials delivered early (something like flooring or trim) and have them sit in the house to get to the same temperature as the inside.

The calculation of net realizable value is based on several estimates which may ultimately vary materially from actual results, including our estimate of the price at which we expect sell each home in inventory and the associated expected costs to sell those homes."

There is more than one way to skin a cat.If you have a long term outlook (which you should at your age), it is pretty tough to beat appreciation numbers in Los Angeles.

@Michael Conte the seller and his agent have disclosed material defects in which they are both aware of. 

Finding the deals... the Denver market does have tough margins, but I know a lot of flippers that do well and create a business here.

Tough decision but at the end of the day you're selling an asset to buy another asset.

The property’s suitability as the taxpayer’s principal residence materially changes.c.