When somebody says they just got a wad of cash from a lawsuit then that tidbit alone would immediately trigger a red flag for me .

However due to a work related injury, I'm currently on FMLA at my job only receiving 66% of my regular income without tax withholding until at least April 2019.

However due to a work related injury, I'm currently on FMLA at my job only receiving 66% of my regular income without tax withholding until at least April 2019.

Hello, I'm looking for some advice before I pull the trigger on my second rental home.

In that case you have not done anything wrong by taking in tenants, just triggered a right on behalf of the bank.

The regulations consequently provide alternate 180-day periods in certain situations.Capital Gain dividends received by RIC and REIT shareholders – the 180-day period begins on the day on which the dividend was paid (not from the date of the sale by the entity).Undistributed Capital Gains taxed to RIC or REIT shareholders – the 180-day period begins on the last day of the REIT or RIC tax yearPartner/S Corporation shareholder – the 180-day period begins: (a) on the last day of the entity’s tax year; or (b) at the election of the partner or S shareholder on the day of sale by the entity.Can the Section 1400Z-2 Election be Made if Investment is Disposed of Before 12/31/2026The proposed regulations provide there where a taxpayer elects deferral and later disposes of the QO Fund investment which would trigger the deferred gain prior to the mandatory gain inclusion date (12/31/2026), a new 180-day period is created for to acquire a new QO Fund investment and to defer the original gain.

Now I'm struggling to pull the final trigger on my 2nd property which is a residential property in WI.

I agree with @Loren Clive, the only way to get a deal at the auctions is to go to all the auctions, have the cash sitting around, and be ready to pull the trigger when one of the properties goes for the right price (except when it's a good enough deal to justify paying 5% more at confirmation).

@Jacob Dodge I've been looking in Mobile, but haven't pulled the trigger yet. 

If the #s work and it is an upcoming area, do your research and pull the trigger.