On the bright side, I think this will definitely separate realtors who are dedicated and putting in hard work vs. those who only put in minimal effort.

It's essential to consult with a tax advisor to understand the specific tax implications and explore strategies to minimize taxes, such as timing the sale or offsetting gains with losses.Real Estate Investing: Flipping and short-term vacation rentals can be lucrative real estate investment strategies, but they also come with their own set of risks and considerations.

Moreover, our spacious yard, characteristic of our corner property, contributed to minimizing any potential disturbances.

The reason I am ok with that is because I just spent $140K and updated everything - electrical, plumbing, roof, HVAC, windows, etc. so costs should be minimal for a while.

Let's say your brother agrees to exit today with minimal ROI...what happens 7-10 years from now when you have $300K of equity in this property and he has $0 because he exited early?  

But I have had hardwoods in all my rentals over the years, and they held up quite well, with minimal, if any costs incurred on the normal turnover.  

These are properties that with minimal work they can be set up for a duplex like places with a mother in law suite. 

Did minimal work on them, added driveways to each and that’s it.My question is can I claim the capital gain of both parcels in 2023?

Again this is so you can start the eviction process on day 1 with someone that knows what they are doing and can minimize the time and process.  

I should expect minimal maintenance.