We purchased title insurance, and no outstanding balance or lien on the property showed up in our title search. 

I know plenty of people that don't make a lot of money that have outstanding credit. 

Hi EveryoneI am a professional short term rental operator of 5+ years; nationwide.

Las Vegas has enough advantages that a percentage of the expansions will be in Las Vegas, which will bring more people to the city, who will all need places to live.SummaryLas Vegas continues to be an outstanding place to invest.

Im in the top 1% of agents nation wide and honestly I know people who struggle to make a living doing this that have more inate talent at it than I do.

At the end of the day, any lender just wants to see that the current value of the home is is more than enough to support the current outstanding loan amount.Hope that helps.

Most of us tax accountants on this forum work with clients remotely, nationwide.

My question is if I want to use these funds (the cash received = appraisal * 80% minus outstanding loan balance) to purchase property for personal use (primary residence), if that creates a taxable event?

I made the repairs and rented the home out without knowing these issues were outstanding (I genuinely don’t remember seeing the tags on the door).

Let's say OP has $100k in outstanding judgments.