Your father-in-law will want to minimize his tax liability on the capital gain and think about how the sale fits into his estate planning strategy.

Hi @Justin Pumpr,You’ve been through a lot brother, and it’s clear you’ve gained valuable experience, even if the results haven’t matched your expectations.

I look forward to learning everything there is to gaining financial freedom and becoming an investor. 

Also, if you sell homes regularly each year, whether it's a few or more and you can show the bank that that is your business model and if you can show the bank consistency in that model, they can use your capital gains as regular income which can greatly help you qualify for a loan.4.

I'm still in the process of finding an alternative solution but I thought I'd leave this here as a warning for others looking to make a decision.For reference, I'll just post their email response to me here:As we review your inquiry, we would like to remind you of the following key points from our Terms of Use:In no instance shall ShinePay be liable for any of the following:"Lost revenue from service interruptions.Lost revenue stemming from delays, malfunctions of any product.unauthorized gains access to your account or due to shared passwords or if your password is hacked.Destruction to properly, places, or personal injury resulting from the installation, misinstalling, or misuse of any product.Lost revenue from entering the wrong account number for ACH or other bank transfer or money transfers or due to any delay in receiving funds.Damage to your structure, machines or car resulting from use or installation of our products.Any funds collected that are paid to a person that does not own the property.Any harm from defeating the lock and technology that controls the lock to a device.Failure to properly service any product or machine."

After two years your only profit will be the education you gained. 

Each deal isn’t just about making money—it’s about gaining experience.

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Only your half of the gain qualifies.