You flip the first prop (Prop A) for a $50k gain - you pay taxes on that gain because it's a straight sale, no 1031 there since it's a flip. 

Reach out to the HR department of the team...that's the only way you will get a confirmed answer.If you want to rent to athletes in the position, you will need to plan for a high rate of turnover.... its the nature of that job....guys are gonna get cut, traded, injured etc etc.... they move a lot.....You could do a higher deposit to help cover penalties for early termination...... do M2M with a higher rent than you do for a year long lease.Or be honest and straight up tell them you are only looking for long term tenants and due to the nature of their job, the probability of that is not high, so decline to rent to them.

Your agent should hopefully understand that you need to get your bearings straight and understand the market in terms of what houses at certain price points look like.I also agree with what @JD Gunter mentioned, in that it is all relative! 

@Dave Lawrence, The proposal sounds pretty straight forward, it should work just fine.

It came straight from public records like all the other comps.

@Heather Schmidtknecht Be straight with the listing agent and introduce yourself as an investor.

From there the amount is diminished until you reach 150k in income at which point you lose the ability to write off real estate investment losses against your income taxes.I went over this example numerous times before posting the question as I wanted to try and get my facts straight.

The condo was advertised by HUD as IN (insured) and as "203k eligible".I won the bid, and now I have trouble finding a reliable lender who would originate an FHA loan.Every mortgage broker I spoke with so far told me that I cannot get an FHA loan because the condo is located in an HOA who is not FHA approved.However, I called the HUD directly and they emailed me info where it is explained exactly how one could do a loan in a condominium project that is not FHA approved.Here is a straight quote from their email""To be eligible for FHA insurance a condominium project must meet all condominium requirements and be approved by FHA or an unconditionally approved Direct Endorsement lender, as outlined in Mortgagee Letter (ML) 11-22, ML 12-18, ML 15-27 and ML 16-15.FHA case numbers cannot be requested unless the project is approved.

Appreciation is not straight line. 

A straight up purchase is the best.