We didn't neglect any known or reported water issues/ leaks, we took the necessary steps to remediate the problem (which it sounds like you did/are doing), didn't offer to abate rent or put them up somewhere, and they threatened to sue. 

Purchase price: $600,000 Cash invested: $75,000 Step into this beautifully remodeled home within the gorgeous Seville community in Mission Viejo, and you will find wonderful curb appeal and a serene environment.

oh wait.. or was it Godaddy...Get a domain name.. and get it going.The second step will follow automatically as will the 3rd and 4th.Get off your butt and DO!

I’ve found a great 8 unit property I want to make an offer on, and need as much insight and advice as possible prior to stepping outside my comfort zone.

I am hoping to use a HELOC (or home equity loan) for down payment and conventional loan to fund my first deal. Still looking for the right deal, but I want to get my funding lined up and ready to pull the trigger. I'm...

Did the lender step in and take over?

Over the summer I decided that i no longer wanted to rent and would like owning a home to be my next step.., however, i have shifted my mindset and would like to not just buy a liability (the first home) but would like to create an asset via house hacking.

@Christopher HallYou have already taken a huge first step by acknowledging you have a problem with debt and taking steps to learn how to move forward.

If he did then your mother has a stepped up basis for tax purposes, but you need to find out. 

The only step is putting it into the qualified opportunity fund and making your election to defer paying tax.