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If we ever live through this situation, I will be sure to report in how we did.:) To each, their own. Good luck anyways.

Perp I will give you a true life example that we have just lived through. We bought a 11 unit apartment building July 13,2005.The lenders insisted we repaired the roof, and those monies were withheld, and we had until Nov 1,2005 to have it completed. This blew us over, because we had already...

Thanks Wylie, As we have only been "buy and hold" investors ourselves, it is good to get this information first.The OP has messed up her chances in my view for any difference in my thoughts. I think if planned correctly a person can lower their CG owing. I will give you 2 examples, and give...

Your rules are very similar to Canada (before anyone beats me up on this point !!!) Where you have already started renovations, I would seriously reconsider renting it out for another 6-12 months. This would give you some tax relief. If you hadn't started any repairs, I would have suggested...