The only way I would even consider this deal is to purchase it outright from him before the renovation and only if the numbers work out great for me, if he was willing to sell it to me for smaller profit now rather than flip it himself.That way, I wouldn't have to worry at all about his shadiness because I did all of my own due diligence (inspection, county level research, property value and numbers analysis, etc.) and I'd be doing the whole flip on my own, with my own contractors, funding etc.But since you kept repeating, scam, scam, scam in your posts, it's a relief that you followed your own instincts.

*Breathes in relief*.U know what?

So I am wondering if rental properties might provide some tax shelter or relief for me. 2.

The 2020 forecast offers no relief, in fact just the opposite.

My company, Golden Financial Services (a credit card debt relief agency) is adding a location in NY, so we can take one of the offices here if anyone chooses to move out, so that's not an issue and could actually work out in our favor. 

Either way @Mohammad Haidarasl you'd get significant relief by consolidating and refinancing if you are making more money than you did as a student.

You do NOT need to explain your difficulties, just ask to remove the penalty.If they refuse, then you might need to go a more complicated route: request a penalty relief based on a "reasonable cause" - which your family emergency might qualify for.

Does the automatic stay from this new filing apply when there's already an Order for Relief from a current BK case?

@David Rebuck I had a plumber install a new HW tank last year at our FL rental & the pressure relief valve failed in 6 months.

Those appraisers do a very detailed inspection and will fail a property for even small amounts of peeling paint, cracked windows, wobbly handrails, crumbly cement steps - and I even had one fail last week for the pipe on the pressure relief valve on the water heater not being 6" from the cellar floor.