Real estate is not the lottery its not the 1st deal that is gonna make you tons its the consistent 4/6 deals you will doing a month if you can be consistent with the deals you find. 

You never know if they win the lottery lol.If you don't file a report then it never happened.

We sold it in 2015 and won the lottery.

It is also subject to whatever the state tax bracket is.As with lottery winnings, taxes are withheld at the source, so usually the game show itself will withhold between 25% and 35% of your winnings and send them into the IRS for you.However, the OPs post was not about the taxes on his winnings, but rather how to invest his winnings in real estate, so we'll get back to that discussion....

You must have applied early as the condo conversion lottery in SF has been suspended until 2024.

This might cost let's say $15K in paperworkThen there's a 1-year waiting period: "Two unit buildings with a clean eviction/tenant buyout history bypass the conversion lottery if both units are occupied for one year by separate (unmarried) individuals who each own at least a 25% interest in the property during the entire occupancy period."

I mean, congrats on winning the lottery.

I guess I was just hoping that he would get things turned around and I would have another 5+ years of on time pay, or I guess I could hope to win the lottery too lol. 

My father-in-law is a farmer, and he likes the joke about a farmer who won the $10M Lottery. 

You can't just do a single thing (short of winning the lottery).