If that is your intention the slow flip method is not for you.

It is my intention to pursue this action for slander and defamation against these people if they continue to push these horrible claims.

I think they could target your intentions, that the whole time your plan was for this to be an LTR, but you just utilized this strategy in the first year to get more tax savings.

Not necessarily saying there are nefarious intentions, just be mindful of that and figure out what you want first.

My long-term goal is to work in commercial investing/development, and I have no intention of practicing law.

- Typically, you should buy a rental with intent & research, so it will be profitable.3) What research have you don on the local rental market?

Rather than overextend and risk a misstep on a scale that could set me back years, I intentionally seek experienced partners or mentors who already possess the track record, relationships, and infrastructure for 50–200+ unit assets.By bringing them into the deal as co-GP or capital partners, I gain immediate access to their expertise and balance sheet while still retaining meaningful equity and full transparency into the process.

If your sisters were truly co-owners for years, their portion’s gain/loss will likely be different from yours — but if their names were only added for estate planning and your parents still retained beneficial ownership, all of you might qualify for the step-up.Long story short: the IRS cares about ownership intent, not just whose name was on the paper — and that distinction can make a big difference here.

Quote from @Sylvia Castellanos: A year ago I bought two quarter acre vacant lots in Villa Ridge located within a few feet of each other around the intersection of Lavonna Drive and Lynn Drive with the intention of reselling them.

Start by choosing a county and one signal with intent (new code violations, pre‑foreclosure filings, utility shutoff lists, tax delinquencies).