The assessor will take the new purchase into consideration but will not guarantee it to go to the new purchase price.

What's the name of the stategy and if you have seen draft agreement,s I'd love to be pointed in the correct direction.There are considerations involved.

I'm sure there are other considerations we haven't considered, so thank you all in advance for ideas, thoughts, and feedback.

I'll take these thoughts into consideration. 

The main considerations are federal and state taxes. 

Legally, not aware of any issues, but check your state & local statutes.NOTE: To avoid Fair Housing lawsuits, you will have to enforce 100% of the time.Other considerations:1) SHOWINGS: you can prescreen for improved safety.

Each of these programs has different underwriting guidelines, down payment requirements, reserve requirements, credit standards, appraisal expectations, and exit strategy considerations.

If I had to I’d go a year, but taking into consideration the current market.

This is not an exhaustive list, just a few important considerations. 1) Capacity is stress tested, not assumedA professional lender does not simply ask whether a deal cash flows today.

Would appreciate any pros/cons and or other considerations from anyone who has gone through this before.