Nobody forced you to buy a property as a investor you are entitled to do your own research and due diligence.

Dscr will be useful in the future for fixer uppers and unique buys. 

Even if you take the $250,000 the realtor mentioned it would sell for as your basis that would mean you're looking at an $80k gain: 380,000 - (250,000 + 50,000 improvements) = 80,000Since you want to buy a nicer home for your mom, a 1031 exchange may not be applicable if the new property is intended for personal use, as 1031 exchanges are for investment or business properties only.

Thanks so much for posting all this info I had been looking at Apke Land or Land Investing Online, while they give lots of free information if you really want in depth or access to their letters you have to buy their course.

Investment Info:Single-family residence buy & hold investment.

I'd be willing to bet buying an index fund would have a better return without any of the headaches. 

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.

Like the title read the city wants tobuy my property it’s ran down. The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some advice

You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

Over time, I discovered mistake #2 was not buying them right.