Would it be possible for my in-law to sell 500k of the house to my spouse and I, use that 500k to buy herself a new cheaper house to move into, and then we all sell the original house together 2 years later for a total of 1m tax exemption?

Originally posted by @Josh Stack:@wade @Wade PennerThat’s your call but consider what  the repercussions may be of treating tenants differently  It will probably be fine but it does potentially open you up to some liability. 

Originally posted by @Michael LaVan:This is a great point @Joseph M. hows the LA market going for you with flipping Any market with a high demand for housing will be good for flipping.

Originally posted by @Sean Conroy:Hi everyone, My name is Sean Conroy. 

Originally posted by @John Olaore:We want to purchase 5-15 doors (2-6 multi family homes) in the next twelve months and I currently have about $5000 saved and potentially have access to an additional $150k in family/friends money.  

I'm trying to get some data on local cap rates that I can use to formulate our selling price.

Originally posted by @Keith Jacobson:Option 2 will cost you attorneys fees, filing fees, service of process fees, etc.... some of these can be collected on the back end if you get a judgment, but the attorneys fees typically aren't collectible. 

Originally posted by @Steven Hamilton II:You would depreciate the new roof over 27.5 years.

Your original offer was asking for more than a bank would give you, which with owner financing almost never happens. 

Originally posted by @Jay Hinrichs:depends on what kind of liens they are ?