However, given that you're trying to extract cash for a free-and-clear acquisition, maybe it's not meeting your goals.Step 4 - consider various borrowing sources before concluding that cash purchase is your best/only option.Step 5 - only then look for tax deferral strategies.

Did you choose to enter this business because of an affinity for real estate, or because you performed an analysis which concluded that this particular business had a greater expected risk adjusted ROI than other type businesses?  

You need enough people look at a new listing on Thursday night and conclude two things: This is a very nice house.

If you were to read all the comments in the thread you would easily conclude myself and other users of REI Reply did not show up here on Bigger Pockets to "market" REI Reply.

I have done a lot of research on this, but cannot conclude whether hiring a handyman to do small repairs costing less than $1000 fails prong B of the ABC test.  

Very few places in Philadelphia can you build 15’ wide homes and generate the out-sale price per square foot to justify  the cost of new construction, and doubt you’re coming across parcels in the correct neighborhoods at tax sales.I recently underwrote a parcel where I could have built (22) 18’-6” wide townhomes  and ultimately concluded (15) homes between 25’ and 28’ wide generated substantially more revenue against cost.

Most likely, if I'd known what I was doing and attempted to speak with him a long time ago, this might have been concluded a year or more ago.

>You cannot even evict them without a licence.Not sure how you conclude this.  

Usually I conclude the market value between a specific range of between $0-$20k (ex market value is $400k-$420k) depending on how many good comps there are.

Property prices per 2 recent studies are at an all time high versus rent (the studies were comparing the cost of home ownership to renting and both studies concluded that in virtually every large US city it is on average cheaper to rent than to own).