Real estate is transferred, and identified, by the Land legal description (along with all the improvements on it), so as long as the lot description is correct, it should be a simple correction.

There may be private money out there for longer term loans, but you would likely pay a much higher interest rate.You can improve your credit score by huge amounts in about 6 months.

Work on improving your current holdings so you can increase the rent and just wait.  

I hope I am asking the correct question:If I am purchasing and improving a flip with the following scenario, how would the interest being deducted in terms of when I capitalize on the property?

I really enjoy the science vs art part of it, seeing consumers improve over time, vs fall-back behavior.  

I'm using a hard money lender now for a flip in Northern NJ and they are lending 90% of the purchase, 100% of improvements up to 70% ARV.Adam

Look at interior design, or home improvement magazines.Ultimately, look at what's around you.

I can say with very high confidence that no judge will evict this tenant over $20.00.

Account Closed   Yes, one can buy a house in San Diego for less than market value (use $450k as an example), pay to improve it and flip it for a profit ($535 maybe) or keep it as a rental ($2300 plus or minus).

The holding period of a separate element placed in service before the entire section 1250 property is finished starts on the first day of the month that the separate element is placed in service.The holding period for each separate improvement qualifying as a separate element starts on the day after the improvement is acquired or, for improvements constructed, reconstructed, or erected, the first day of the month that the improvement is placed in service.The holding period for each improvement not qualifying as a separate element takes the holding period of the basic property.