In summary, the taxes are paid in declaring the sales of the $30K property.Now I don't exactly recall what do you if the mortgage is smaller and you took some cash out.

You didn't declare your goal so I'm assuming a balance?

I'm thinking of declaring a boundary dispute and suing several times for this and that to make sure he's still here shovelling snow this winter and tending his acre for many years.

Declaring Bankruptcy might delay the Sale - but again will not stop the Sale.

@Lucas Carl / @avery carl - is this required to be declared if the property is used for a rental?

We have been declaring the rent as income on our taxes, and taking a deduction for the real estate taxes on Schedule A.

Every year (month maybe), whenever things are going great, the "Chicken Littles" of the world can't wait to be able to say, "I told you so", and be declared the expert for predicting a downturn/crash...or whatever you want to call it. 

Cardio will not burn muscle.

@Jeffrey Lee I don't think living in a property for only 1 year will get you owner-occupied benefits especially if you have a primary residence with a mortgage elsewhere.You can classify it as a second home and then change it to a investment property on your taxes when you start renting it out.If you do a split between your use and rental you just need to give that info to your CPA come tax time.When you take out the mortgage you need to declare it as a primary, secondary or investment property.

We still do spontaneous giving as well, but just like planning a weekly exercise routine keeps our muscles strong and growing, I think having a plan for giving keeps our generosity attitude and practices strong and growing.What has your experience been with giving and generosity?