You will then get to prorate the gain between the number of years you lived in it (tax free) and the years it was a rental (pay the tax).4.

An LLC is not free.

$50k is not enough to make alternative financing work because even at an embarrassing interest rate the investor will only make a few thousand - not enough to justify the time, document prep, risk assessment etc.I'd suggest that you get a realtor to put up the money, take a mortgage plus a few points of the selling price.

It is a tear down opportunity.asking Price : 400ksqft: 2,954Built in: 1948Arv: 775k to 880k I would study the area more and push something more high density like condos or a 4 unit and lower the risk through multifamily density and rezoning.

I understand the value of investing in fewer, higher-quality properties to minimize risks and maximize returns. 

Why not get FREE MONEY!

If there is not a Board Certified Attorney in that area of law, I would get free consultations from real estate attorneys.

There are quite a few people who must be going after vacant or older people with free and clear titles.... 

I'm pushing the highest returns, lowest risk, best districts and development districts in columbus. just like I would in Cleveland or Cincinnati or Toledo if that was my market.

My advice is do not let that stop you from refinancing and being able to free up 100% of your entitlement.