I have been advised that legally I could force the buyer to close, with the letter of indem. 

Ok, so as a first time potential seller and novice investor-I just learned that if my I lived in my home for 2 of past 5 years I may not have to pay capital gains when I sell.

Your total gross earnings from the investment will be 120 X $24,000.00 = $2,880,000.00You will be receiving $24,000.00 per month during months 37 thru 144 until your total gains = $2,880,000.00 plenty of time for you and your wife to do other real estate deals and also plenty of money to take good care of Fil and yourselves as well. 

This approach defers all capital gains taxes for 30 years and delivers 93.5% of the net sales proceeds in cash (less payoff of any financing on the relinquished property).

When you need legal advice it should be discussed openly at the meeting and a motion made to contact the lawyer.Fishing Derby Funds - a set amount (say $1000) should be left in the account from year to year as seed money.

There are 2 main things I would look for in a co-op and in retrospect maybe have even bought a smaller place in a less desirable area to gain these two things:1.

This is my first post and I’m just starting to gain insight into the vast real estate world.

Since it takes so much to take the papers and start running my apartments I consider now starting a business where I can deduct all my expenses like the homes fixing at the beginning and the future properties that I consider buying but by doing this plus the short-term renting that I consider with tourists/visitors I feel more risk exposed since I will have to pay for a business loan with 6% interest, and an accountant to keep my business papers which will need another 120€ Monthly(that's for a Private Company which is considered to give a legal protections since me as an Individual is not exposed similar to protection that an LLC provides at the USA.)What is the community's opinion about what will be better for me? 

Secondly, is it legal or allowed to buy a new house in a neighborhood and rent it out?

It's a waiting game even when you do succeed in taking legal ownership of the properties.