Provided lending practices haven't overly loosened up, which I'm currently purchasing a home with a traditional mortgage and can tell you for certain this bank has not, then I see the majority of the market continuing to rise at a reasonable rate. 

Hello everyone, I have a friend that don’t know what his next step should be regarding his house.

Hi @Nick Michaels,That's great that you are taking steps toward creating a more financially life.

@Stephen Warnock Congrats on taking your first step!

BRRR gives you the opportunity to step into the market with a lot less risk because you have more time to pick your exit. 

This property was purchased at a auction at the courthouse steps.

Since then, I have been doing a ton of reading, watching videos/how-to's/webinars, listening to multiple pod-casts and have practiced analyzing a few deals. 

If I can make this happen it will be a major step toward realizing my dream of retiring from my day job by 2027 to work for myself full time, investing in real estate. 

If they rent it and then leave it as an inheritance whoever gets it would be able to get the step up basis to the FMV and again there'd be no taxes paid on that.

I think taking ACTION is the most important step you need to do.2.