So, the foreclosure can go on (theoretically) indefinitely if the bid keeps being upset. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

As accountants we need to keep clients realistic about tax goals and shoot town the "I saw on tiktok" or "produce clerk said this strategy" to keep them on track and their networth growing in a smooth and tax efficient way 

We plan to build 10 duplexes around OSU and keep them for ourselves for passive income.

Maybe a minister might want to keep an eye on things. 

Alternatively, you can use the fair market value of the home at the time of conversion"Keep in mind, you will probably want to talk to a tax professional to go over all the consequences. 

In the Smokies the people I know (including a few of my own properties) who had a lower purchase price have "price discipline" and are keeping rates where they "should be" and adjust for demand. 

Keeping any exchange cash is taxable, adding more cash is not.   . 

Since then we stayed focused on new construction of single family homes, eventually segueing into small multi unit buildings (3 & 4 units), while doing some interior condo renovations here and there to keep generating revenue until the new builds came to fruition.Overall, my hot take is: New Construction for the win.

Even if you move out, you can still cashflow +As for single family or multifamily, you can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.