My opinion, not professional advice. http://www.irs.gov/Help-&-Resources/Tools-&-FAQs/FAQs-for-Individuals/Frequently-Asked-Tax-Questions-&-Answers/Sale-or-Trade-of-Business,-Depreciation,-Rentals/Depreciation-&-Recapture/Depreciation-&-Recapture-4

You should definitely monitor it frequently!

Case law cites that “the presence of frequent sales ordinarily belies the contention that property is being held for investment rather than for sale.”To your point, the OP can likely report this one off flip on Schedule D as a case cites below:Reese v.

Marie Poe Yeah I frequent his site quite often and his transparency is priceless.

Also make sure you are using your keywords frequently.

An opportunity is frequently present to be the (cash) back up bidder who CAN perform should the first bidder fail.Also, real opportunities exist for lot split and other upside development opportunities that retail buyers and the fix-n-flip crowd miss.That being said, an auction is intended to put many eyes on the asset and liquidate it ASAP.

But hey you deal with the cards that are dealt you.WE do our own closings frequently throughout the year.. we can call customer service and get a date down on the phone in 90 seconds.. and we can have them send over the last recorded deed in 60 seconds then I can just make a new deed.. go get it signed and notarized and have my secretary run to the recorders office and file it..

I’ll try to check in more frequently.

I adjust rents frequently for new tenants and stay at 90%-100% consistently.

If it not the Section 8 program I used frequently 15 years ago and the people who are using it may well have been evicted from prior housing and have gotten their Section 8 voucher merely because they have no money and children.Qualify, Qualify, Qualify