That's a complicated way of saying you'll pay no or very little taxes on the sale.Flipping your inherited home will give you seed capital to pursue your real estate ambitions.Anyway, back to househacking a duplex...

So, if no one shows up to argue against you, you should win.2) If you file an ejectment lawsuit against the former owner and they do not counterclaim and ask for judicial redemption, it is my opinion that was a compulsory counterclaim.

Trying to get someone who just moved to give you $800 to hang onto for a week or so just complicates things.

If you didn't live there the answer would be a lot easier (sell) but since you have to live somewhere it gets more complicated as you noticed.As far as buying an investment property now vs. waiting, I have a couple of thoughts.

someone told me it would be a good idea to get, so i figured i would look into it more, the whole getting started sounded complicated and cost a good amount of money so i didn’t know if it would be worth it or not.

I have converted a SFH to legal duplex in Hamilton...it’s really not that complicated of a process.

Hi all,Nice duplex, stirred up some wasps when painted the exterior. Downstairs tenants say husband is highly allergic. So I throw them in a hotel for the night till I can get the exterminator there the next morning. ...

More than half of the states are non judicial and do not use the courts, which means there is no lis pendens.

This is hopefully not as complicated as it might sound, but was wondering if any of the great minds on this forum have thoughts on best strategy for current situation.My husband's parents are fortunate enough to own two properties:House #1: A bungalow a few blocks from the beach in Venice Beach, CA - purchased for basically nothing in the 80s, own outright, probably worth about $1.2 million (guessing).House #2: A 3bed 2 bath amazing view house with guest house in Topanga, CA - purchased for basically nothing in the 80s, has a 350k mortgage on it, probably worth about $2 million.

And when you add in a wholesaler to the mix, you probably have an extra level of risk because now you're including another potential complication by adding in a middleman - essentially someone who is in between you (the buyer) and the other party to the transaction (the seller).However, with all that being said, there are ways (in my opinion) to limit your risk in these transactions:1)  Always thoroughly review the purchase contract that is being assigned to you.