Carey that is against the law to not own the property then try and sell that property. 

I’m torn between selling it and pocketing that equity, invest it in index funds, my Roth IRA, and keeping some in my HYSA, etc.

Good morning everyone. i would like to purchase a property that has a court ordered sale because one of the two seller didn't want to sell the house. 

He got a city official involved and the city eventually relented.Love that you're armed with the FL statues, and I appreciate that tip about potentially not being able to rent or sell for 12 months... awareness is key.:-) I WISH they would try that nonsense with me because I had contemplated pulling my own roofing permit (and hiring my own roofers) before I found a decent full-serviced roofer.

However, I need to liquidate assets and I'm exploring the idea of selling one or both properties to an investor.

It's like saying when Starbucks rents a space and then profits from selling coffee, it's arbitrage. 

Sell the lead, not the property.

It is not going to be our main residence and it will be a rental property for a few years before we sell it.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Numbers don't pencil out for a 30 year mortgage, but property still sells!