Sounds like the tax experts don't you can escape taxes, so you'll lose?

Before anyone can venture a guess, they need to know where the property is; transfer taxes, recordation tax and doc stamps can vary wildly across the country.  

I will be going to talk to my accountant in the coming week and will also see if he can recommend a real estate lawyer in the area.What would be your advice to starting out this venture?

Just hoping to find some way to avoid losing so much of the gain to taxes!

So far so good.My wife and I figure as long as we’re not losing money, we’ll be fine and can just see this as the opportunity to learn as much as possible on our first one.Thanks again!

My goal with this new venture is to build a portfolio of multi family long term rentals. 

Still, it doesn't mean that all homebuyers in this market are losing out.

(Not counting the missed rent, so really you still lose by selling.)It’s not for everyone or everyone would be doing it. 

But, this is also a good opportunity to lose money due to hold ups, loss of time (i.e. holding costs / money). 

How much time and money are you losing by being afraid to guild your team in the right direction.