It's great to see a post with actual common sense on here regarding this NAR situation.

For my situation, the advantages outweigh the disadvantages.

Once and if you get a judgment, you will still have to perfect it by collecting on it.Based on the information you provided about the contractor’s financial condition, collection seems unlikely.Sometimes it is best to take a loss and gain by the lessons it brings.

Mainly I have a current situation where owners are negligent in providing their proof of insurance.

In my senior seminar class, one of our assignments is to identify a mentor to meet with in person or virtually 4 times this semester in an industry we are interested in pursuing upon graduation.I would love to connect with a bigger pockets member that has experience in personal real estate investing for themselves or who has work experience in a specific field that has allowed other people to achieve financial independence through real estate investing.

If we were to sell, we're looking 1.2-1.5mil.Our situation is we want to purchase another property for my parents to live in - it would be 600-700k condo.

You can't know how a deal structure will impact the seller's tax liability without knowing their whole financial situation. 

There is a lot to the processNote I am not an agent (nor would I want to be one), but there are times when you absolutely should use an experienced person to handle one of by largest financial transactions you will go through in your life

We were trying to help out a friend of a friend get out of a bad situation, blah blah blah.

It should be handled by your tax software or, better yet, by an accountant.You also have an option of paying the entire capital gain upfront, which is usually not to your advantage, however in some situations it could be.