Now that is the more common sense idea on the situation but we all know how well laws are written so talk to a local attorney. $300 for piece of mind isn't that bad.I personally would not let the implied threat of him flooding you out affect your decision to sell.

Spending an hour with a CPA who understands your overall financial situations would be time well spent, but there are some general rules of thumb:If you hold the asset for less than one year, your profits are considered short term capital gains - which are taxed as ordinary income at your standard tax bracket rate. 

Every situation is unique and there is not a one size fits all approach to protecting your mother's financial security, but there are some options that each has an upside and a downside to.

@Tamara Shipp in your situation I would be super careful about using the equity in your property for anything.

OK then your borrowing the funds to then loan to another.. that's what I did with my big credit facilities in the day and we made the delta. 

I've actually thought about your question for years because I have a similar situation. 

Any advise or thoughts on the situation is appreciated.

We had a small fire in the common area of our association that caused damage to all six units.Some owners decided to take advantage of the situation and add on minor renovations to the repairs.The insurance company (Erie Insurance) recommended that we hire (Perfection Restoration).

I don't want to come to them just as the cash buyer because paying cash may not be the best option depending on the situation they are in. 

Hey there,I'm brand new to investing in real estate and thinking about getting into multifamily properties.I'm looking for some advice from people who know what they're doing and was hoping that someone may be able to help me here.I've done some homework and educated myself to a point but I don't know anyone with real estate knowledge so I keep telling myself it can't be done (hopefully someone on here will tell me otherwise) Here is my situation: $300,000 in equity from a Single family residence$100,000 cash to investNo limitations on which state to buy in Thanks,Peter Knox