So you’ll need to hold for one year, potentially suffer the remaining liens, and have costs for quiet title if you’re to sell it.

Since your parents benefited from the sale, a possible solution is to split the capital gains tax burden proportionally.You could propose a split based on the percentage of down payment vs remaining mortgage paid down over the years.

If property values are steadily increasing and demand remains strong, it might be advantageous to hold onto the property for further appreciation.

Both of these will have appropriate entry points but in my opinion they aren't now.I get the logic of not timing the market, but that's why you invest in other places so you are not  missing any overall market exposure and it remains you're outright view and these cities can be hedges. 

@Ed Ma what is the remaining term of the loan?

I am a little confused by the eviction process in this situation if the lease has technically ended and they are remaining in the property.

Accordingly, all current regulations remain in place pending future litigation.

Green is the remaining 5.26%.

The rise and rise of house hacking might keep rolling considering that housing remains unaffordable due to high prices and low inventory resulting in an upward pressure on millennials headed for creative solutions like house hacking.Even though stylish nowadays, not only is house hacking in fashion but also bears enduring benefits like creating a property ladder, passive income generation, and financial freedom attainment.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.