Even with clear cut disclosures and addenda where it is stated that it is my intention to re-sell immediately for a profit.

If your intent is to simply lower your monthly payouts you would be farther ahead to sell the house and rent.Letting money die a slow death in a property is a painful thought when you understand the true opportunity value of cash.

The intent of this thread was to dispell the bleakness pointed out so often in mags about needing million plus to retire.

Explain a little more what your intention is of doing this and why?

I told my attorney of our intention...Who am I committing fraud against at this point?

What are your intentions when you find all the outstanding deals that are in Motown to find?

Currently, we are looking at investment properties with the intent of getting into rentals.

Due to the expense and time drain training and supporting others who had no intention of success, I made more money by myself than with more than 2 dozen dedicated “sales†people working with me as Independent Investor Partners who got the same exact leads that I got and had access to my personal support and IT staff.

You should have asked them a few months before the end of the lease what their intentions were.Sounds like they were pretty decent tenants overall.

I would think these would be treated as inventory, since your intention was to build and sell them.