Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.

@Xavier Mc holder yes I did eventually complete that project.  

My husband leans toward paying it off which will eventually provide passive income for re-investing.

I'd guess half of this final third eventually sold, even if several years later. 

Do that enough times and you'll eventually find a deal you can afford.

They eventually declared bankruptcy.

Many, I would now assume, may eventually return to the state and offer Non-Admitted products.If you have any other questions, please feel free to reach out to usThank you so much @Aaron LetzeiserYour explanation makes sense  My only concern is still with regards to the terminology stating “Not authorized to do business in Ohio”.

The reason I am trying to free up this property is I would like to have an adu built on it eventually.

After ignoring them they eventually went away. 

It was a long and expensive journey, but eventually, we won the court battle and were able to move them out.After they were gone, we cleaned up the house and decided to list it as-is instead of flipping it.