The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

If you've had positive experiences or know someone who has, I'd love to hear about it.

If you're not in a position to rent, you may want to just sell for cash and get out completely.

Hopkins  I am in the same position as you as 9 years ago , I am looking for good contractors for fix and flip and serious wholesalers, would you please help me with some contact?

The additional time to close will more than pay for itself in the long run! 

I believe the future is to hold them and sell them later on contract to allow yourself to have the additional cash flow without the huge gains

Going to be tough to find a cash out at 80% and if you do I would be cautious about additional/potential hidden fees.

So... you can certainly be 'RIGHT' and still be a horrible investor making nonsensical arbitraty decisions or you can just be an investor and look at if from that standpoint - sure, you can decide to nickel and dime for additional Tenants and you would be even more justified if you are paying Tenant utilities (if this is the case).

It will still be cash flow positive as it can rent for 2200-2300.

Unemployment - I think it's fairly low now so that is a positive 6.