I don't want to get into specifics but we passed on the property for a couple of reasons you mentioned.

In most of Raleigh city limits specifically, the lack of room to build new construction developments has stirred the folks in zoning.

Our Wisconsin RECR form is asking very specific questions which seem to vary state by state.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

But for many people, it is one of a number of sources of deal flow, to add to MLS listings, wholesalers, direct owner outreach, auction, etc.Assuming you are specifically talking about sheriff auctions, just make sure you familiarize yourself with the general procedures for the auction.  

Zach, specifically, does not demonstrate himself as an excellent businessman.

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.