If there are not enough repairs to bring the price down, i look at the comps to see if there are enough low ones to justify my asking price.

Check the local rules.

I suggest you review our forum rules before you post again on the site.

You are renting.The capital gains treatment applies after you own the asset for 1 year.THough you could reduce your tax bill if you held title long enough to fit the capital gains tax treatment rules it might not be the best investment decision.

Is there some standards or rules set for these loans by the FDIC, or are these just "rules" made up by the bank we are dealing with?

If you depreciated the rental, recapture rules at 25% still apply.

History is not always clear so there are many situations where there are no specific rules that you can count on.

Check the rule and follow them closing.

To pay for the tax relief, the lawmakers approved rules making it harder for people to exclude as much as $500,000 in profit from capital-gains taxes on the sale of second homes.

You can resell something you have purchased as a general rule.