So any attempt to bargain sell to save taxes for the mom will result in a failed exchange if examined.2.

(I set aside 20K from the rents after mortgages are paid, so basically I take in 68K a year, save 20K for vacancies, have 48K left over, etc.).Principal pay down is 67K a year.Appreciation is 500-800K a year in a good year.

Hope this saves you from making that mistake! 

I am not talking about just dropping coverage and taking the risk, and I am not talking about dropping insurance and putting monthly payments into a savings account.

I was going to suggest finding a place with better value, but after doing some searching online I didn't come up with much.  

Looked at dozens of SFHs online and ran the numbers, ARV not high enough, renovation costs going over, and making offers based on video tours, sight unseen has been challenging.

The feedback was that combining the parcels allowed them to drop some city requirements regarding installing screening in front of the dumpsters, so it saved a small amount on construction cost.Interesting topic, but understand if you are just focusing on the deal itself for now.  :-)Sincerely Joe

Plus when I turn around and sell a flip, I save on commissions.

It has saved the day for several my clients during pandemic.Bob Collett

Until just a few years ago you could retire early and suddenly develop health problems depleting your savings.