Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

If not, what are property tax sales? 

But there are certain skills you need.. to be successful and not everyone has the intangibles.LIke all sales   there are top producers  there are middle of the road and there are some that just are never going to do it for various reasons.  

Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

And you would get to indefinitely defer all tax on the gain from the sale.

After being in the corporate sales world for about 10 years, I realized that I do not want to return.

The only reason to look into franchises that flip houses or do renovations pre-sale is because you have existing business that you could leverage on top of this to add more clientele.

In those markets sales are perking up now when inventory gets listed and as I said stays consistent to the end of OCT or so.. 

I wish the appointment was with him... its with an attorney at his firm, hopefully this attorney has a lot of experience and gives we several legal options... not another sales pitch. 

Not much to add to the good advice already written, exceptYour mom could easily get a reverse mortgage to pay for her care, then you and your brothers could split the equity left upon sale.