I think we have a leg up on a lot of places already.Hope that helps a bit - I dont even know if many elder law attorneys will understand the medicaid system very well - they may, but wouldnt hurt to talk to one and if the facility his mother is at has decent staff and the facility takes HCBS residents the executive director there should be able to help a lot as well.

Since it is your primary residence I think you can write off your mortgage interest, you don't write off the $$ spent fixing it up - but you would keep track of those as part of your cost basis when you go to sell.

This has been invaluable in seeing  trends in real time and real life.I do live in a unique place in Indiana where most residents commute to Chicago bringing city money to smaller towns. win win

I grew up in the greenwood area but now reside in Milwaukee. 

It was my primary residence and then a rental property since 2014.  

I currently reside with my family in our primary residence, and have been consuming podcasts and books, with the goal of buying our first investment property by the end of the year, if not sooner.

I am even willing to Help him out on my free time , whatever he needed but the thing is I really don’t want to undercut the company that I work for  because they have been really good to me I would really love to know the communities thoughts on thisAnd if it is a good idea how to approached him As a side note the company I work for doesn’t service any of his commercial properties  just his residence and a couple of houses that he flipped.

While this to me seems to be a very practical approach there are zero properties in California that meet my needs and in the loan it states the property must be my primary residence. 

If we buy it, make it our primary residence, and sell it in 6-8 months, what kinds of taxes will we owe on the profit?

Chandler and Gilbert have some pretty good schools and Ahwatukee is a nice place to reside as well.