I have found myself in a place where in a recent tenant of mine is suing for personal injuries.

Because again, we both know that it's nonsense to think it'd be worth that much money.Wow, this really triggers you!

This allows you to invest in real estate without triggering the 10% early withdrawal penalty or income taxes, and the gains can grow tax-deferred (or tax-free in a Roth IRA).

The main reason I'm asking this, is to understand how much cash I need to save up in reserves before pulling the trigger on a deal like this?

Your "buy in" funds could potentially be used for improvements to the other properties you mentioned, without triggering a taxable event.

“I just know that I would find mobile homes and fix and flip them.”On ExpressNews.com: Investors allege San Antonio woman — the ‘Queen of Mobile Homes’ — is running a Ponzi schemeThat was one of about 100 times Van Gundy, 45, told the attorney and others she didn’t remember, recall or know the answer to a question during her first meeting with creditors.During the hour-and-45-minute proceeding in her Chapter 7 case, Van Gundy said she sustained a brain injury late last year after falling and hitting her head on a concrete table at her home.

Your zoning should be ok, but you want to do everything by the book (which can be costly) to percent future insurance claims or injury claims in an unpermitted basement living space. 

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.

., whatever) it pops up another offer right on your face (meaning, they keep trying you to whatever cross selling, it is really a simple sales tactic, a psychological trigger to urge you to a decision to buy something). 3) Close the damned pop up, scroll down to the bottom of the page, and check anything on the footer that says "Privacy Notice - Terms of Use - Disclaimer" (It will be active and linked to another page, if it is underscored on hover of your mouse) - I went for the sweet "Terms of Use" - this is either a bought or internet stolen general legal terms twisted a little to fit their business verbiage façade (but you will see many errors of any kind), and here is the thing: legitimate businesses are really verifiable, and provide legitimate links!

In April 2024, I finally saved enough money and pulled the trigger.