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Thanks Cat,

I was discussing this today with my brother and he suggested the following;

let the current lease run through 6/30/05 and do not renew it. Let it sit vacant for 2 years and then sell it. If house prices remain static for those 2 years, I could walk away with $250k, tax free. The $19k in mortgage payments would be a lot less than the capital gains tax on $250k.

Does this seem reasonable? Legal?

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