Hi,  I have an old primary residence that tenants have been in and are now vacating, it was a bit of a unique circumstance so I am trying to understand the tax ramifications or best approach. 

I am thinking of making an all-cash offer to purchase a SFR with existing fire damage in the kitchen at a price well below market value The property is in otherwise solid condition and in a great neighborhood.

unfortunately, with both rates and prices high, it is very, very difficult to cash flow, even in a low cost market.i understand that not everyone's personal / family situation permits them to house hack, but there's no better way to get started. 

I know this is not primary focus of your post but its important to understand why this seller is willing to offer you the terms they are offering.

From my understanding, your child could buy property/ hold mortgage for you to live in.

Others will say you do, but they don't understand how lawsuits and the legal system actually look at it.

I'm certain a solid surface material could be expected in a more expensive market then mine in a B class unit. 4.

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

Find an agent you connect with and understands your goals and start or continue to grow your portfolio.

The thing I don't understand about this so-called "exodus" from blue states to red states is why are property prices in blue states rising at faster and faster rates.