Particularly if there's not much of a hardship.I've read a few other posts that stated short sales have been done on investment property sans hardship but did not describe the conditions by which the lender allowed this. would appreciate any suggestions or comments

I seriously doubt any lawyer would even bother trying to get you involved, but if that were to happen, go find a decent real estate attorney to help you out.Also, if you listed on the MLS, I assume you have an agency relationship with a broker, regardless of whether that agent is heavily involved in the transaction or not (unless you have some MLS or state rules that allow you to list without a broker, in which case, ignore this point).

My non-professional understanding of basis:Your basis is the purchase price, including acquisition costs (except any that may be deductible as expenses in the current year) plus the amount you spend on the property to put it into rent ready condition.

Terms and conditions apply.Nothing is FREE.

How do I ask my lawyer, in legal terms, what kind of contract I need?

Are there ANY more repairs needed to be 100 per cent move in condition???

This will make your gains tax free and fund a 501(c)3, there is some arm’s length stuff you'll have to get around but a slick lawyer/accountant will set it up right, I know mine would string a baby up with a lamp cord for enough billable hours.

Any recommendations for accountants / realtors / lawyers in the Atlanta area would be appreciated.Thanks to all for your input.Paul

He is discussing his options with a lawyer and has threatened the closing company to push the closing through anyway.Has anyone else had a similar situation?

You may want to plan some fees for a bookkeeper, lawyer, accountant, etc.Given what I remember about ND, Mandan (grew up there) is very working class.