To make the best choice, carefully calculate the financial implications, align with your long-term goals, research the market for larger buildings, and seek advice from a tax professional to navigate potential tax impacts.

Accurate books for a seamless transition during tax time. 2.

You’re up $15k while one of these two lenders pays taxes/insurance and 1st position tries to foreclose.

That's not including tax benefits.

Pays for my prime resident taxes, and living expenses.

Is the other heir willing to receive their 50% after selling costs (commissions/title/tax/etc)?

Question is will this state income tax lien survive the foreclosure?

However now that my closing date was officially around the corner the underwriter began doing their thing and came back with a past tax bill that needed to be paid before closing and that was it.

It's on the far NW side and has inventory in that price range, but consider that taxes are relatively high in Elgin VS most suburbs.   

Then out of the portion they keep, they pay income tax, E&O insurance, health insurance, MLS dues, NAR dues, continuing ed, marketing, car insurance and maintenance, retirement fund, etc. then live off of what's left.