The mass health lien is 60k.

With being in the highest tax bracket, the LTCG tax rate is 20% with a total tax of $140K ($700K X 20%).The couple owns their current house free and clear and they're 70 years old and want to live in the new house they'll buy for the rest of their life.

If If I could go back to that stage of my life I would want to go that route.

If you go two blocks over it looks much worse, but it is investors like us that are taking these older properties and bring them back to life. i was looking at this complete gutjob - https://www.har.com/2720-truxillo-street-6/sale_59...It could be a decent investment, assuming i could get them to go about half the price they're asking.

Though as much as I enjoy my work, I don't want to have a 'job' for the rest of my life.

New investors are well-advised to steer clear of C/D properties - the turnover, evictions, and Section 8 red tape are a hassle even for more experienced investors and the returns are rarely as good in real life as they look on paper, especially if you have to pay for a PM to manage an out of state investment.

Life is funny sometimes.Unfortunately my mother died in 2007 of her medical issues.

Just finished Set for Life by Scott Trench.

They get  a 100% passive monthly check which relieves any headaches of the landlord life.3.

The roof is nearing the end of its usable life.