Establish a Joint Ownership Entity: You could form an LLC or partnership for future purchases.

Power.Having said that, we should all be aware of the ever-changing weather/climate and how it might affect our investing and more importantly, our lives and health.

Didn't want it to be a health hazard.Owner had the house checked out prior because they had the same concern actually.

Think of it like trying to save money on a doctor and potentially jeopardizing your health just to save a few bucks.

Is he in good health?

If you lived there 2 of the previous 5 years any profits from a sale would be exempt from taxes up to $250k for a single person and $500k married filing jointly.

However, there are strategies and approaches you can explore to make this process smoother.If your PML is hesitant to fund directly for auction purchases due to the risks, consider structuring a partnership where the PML becomes a joint venture partner.

Currently, one of my long-term employees is on the brink of financial bankruptcy due to the significant health care costs associated with her teenage daughter’s severe mental health illness.

@John CarrA specialized tax professional can assist with tax deductions across multiple properties, including jointly owned houses in Illinois and Florida.

It's called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".