If you move family in, but truly an unforeseen change occurred you likely are covered.  

In this way, other investments may be able to make up for a bad one.Create an emergency fund first-Establish an emergency fund to cover unforeseen costs before making any investments.

As an agent, I know the answer, but I would immediately look at the individual property with my attorney anyways so that I don't run into something unforeseen.

Don't forget, there are a lot of expenses and unforeseen issues that can arise.

They tell you to factor in repair estimates supported by three licensed contractor bids, scope of work and breakdowns of material and labor costs, financing costs, holding costs, property tax, insurance, utilities, lawn care or snow removal, baby-sitting, coddling, pacifying or any other unforeseen provisions required to provide complete immunity to your powerless and unwitting buyer from personal responsibility.The numbers you disclose on your marketing material should be limited to price, ARV, supporting comparables and a “rough†repair estimate.

Were there anything unforeseen that happened?   

So if you’re redoing major items expect to have unforeseen issues that need to be addressed.

You can structure somethings but there are alway unforeseen issues and you just have to be prepared to adjust. if i had to pick one thing it would be budgeting.

But remember that by selling it you forfeit all its future appreciation, so give it a thought.As far as tax mitigation should you sell it - as Jonathan mentioned, you may qualify for a prorated exemption if you had some unforeseen circumstances to move out, such as job, family, health reasons and so on.

And if we do decided to keep the house, i worry about all the unforeseen expenses (repairs and upgrades, not having someone to rent it out, etc).Help!!!