I don’t think it’s wise to assume that you’ll catch a lot of lucky breaks.You might, and that would be great news, but if you can survive worst case, it’s a lot more likely to be a good deal.

If filed before the DOT the lien survives foreclosure.

If your rent is $3000 a month, yeah,  someone making two times rent could probably survive.).  

Or at least you are not as informed as you think you are.I get it you are making a profit but does that mean you are using your money/ assets in a wealth building or are you just surviving. 

How would all these people survive?

But, thanks to learning about budgeting for emergencies and CapEx we have survived and overall have had a challenging, but positive experience.

At some point we're going to get the answer to your question I suppose, because the so-called "sharing" economy is probably not going away, nor is the individual hustle; technology has made super-sized employers less powerful and more people than probably ever before have the opportunity to survive on side hustles and non-traditional work. 

This preserves the estate tax credit and passes it along to the surviving spouse so when the surviving spouse dies, the children could use both parents estate tax credits in the same estate.

Some may have succeeded by jumping in without the full knowledge but if they survived it was likely only through pure luck.

Nothing has changed.If your mom has not remarried when a residence is sold or exchanged, the surviving spouse's period of ownership and use includes the period your dad owned and used the property.Mom can use the full $500,000 exclusion if (a) the sale occurs not later than two years after the date of death of the spouse, and (b) the rules permitting a maximum exclusion of $500,000 were met immediately before the date of death (including ownership and use by the dad)