I feel I am late to the real estate endeavor, but hopefully my skill set puts me at an advantage in that I can take care of most issues myself. 

And that's new information to the seller, you can improve your negotiation position because they are then required to disclose to future buyers is my understanding.On to the technical and again I'm brainstorming out loud here....I have ZERO experience with mud jacking as a permanent solution to slab heaving issues - however I would wonder about the feasibility of this as a 'roll the dice' kind of solution (good money vs value trade off) ...if you buy.One possible solution may be to jack the house and repour which I don't know much about how the bottom plates/wood structural would be tied into the slab - but jacking the house and re pouring sections or all of slab would be an incredibly costly endeavor. 

How can I use this money towards our flipping endeavors without getting hit with a lot of taxes?

@Nicole Candelario thank you very much for the advice, I have a partner that was working for this company name bright prospect, they basically help students with college but he quit like a month and like 2 weeks ago, give or take but now he’s running Uber and now dedicating his time to real estate.If I co-sign with him on a quad MF property and he live in one unit and I live in one and we rented out the other 2, even if we don’t make Cashflow but cut even then that’s fine cause every other income we get would help towards our Real Estate endeavors, do you think an idea like that would qualify us for an FHA loan.

Good luck to you with all of your endeavors!

If you’re uncomfortable with someone talking to you to see if you’ll buy at an open house......get over it, or find a different endeavor.

So I suppose for other endeavors it makes sense. 

Good luck with your endeavors.

Looking for CPA & Attorney who understand real estate to help me in this endeavor as heard in BP podcasts to always have a team - any referrals local to  California if possible.Appreciate your guidance !!

Hi Dulce,Would love to assist with future endeavors.