@Reyna AyalaI personally feel this is overkill.

You will have to pay higher personal income tax rate, versus waitingtill after one year for lower Capital gain tax rates.

I’m not convinced it makes a real difference unless a person has a unique setting.

Hey all,Does anyone have any personal experience with First Savings Bank and their 1st lien HELOC?  

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.

The cost to repair your vehicle, and perhaps the other person's car, will be WAY MORE than the cost of the insurance premiums you saved by not having insurance. 

This process is done immediately if there is an asset they can show....the wrap note that is an asset.One of my coaching clients is selling his personal residence like this after he gets done with his forensic loan audit so that he can downsize.

You’re going to be personally sued no matter the cause of the loss.

If you're more of a 'personal referral' person than a 'do research online' person, and this is local to you in Manhattan, KS, hit up one or two of the trades people in the "little apple all stars" BNI group.

Quote from @Sara Valentine: I have rented my personal home as a fully furnished/lots of amenities 3 month rental jan, feb, and march the past 3 years.