You can make money on empty lots but this is the method (summarized, of course): 1.

Take money and do it again. congratulations .Great Story 👍 

You can't sit on the IRS's money for a year until the next April 15th.

Rental pricing, the value of having enough money in reserve for emergencies.

@Quiche LynnIf a home is in foreclosure the options are to work something out with the lender, pay them the amount that is past due or file bankruptcyHow they get the money to pay the lender what is owed can be from any source, but unless that lender is brought current or has some type of arrangement they typically do not stop foreclosure

If we chose to convert it to rental, and keep all that money completely seperate from our personal finances, do we do it all in his name? 

I'm working with a reliable contractor and investing in quality materials for the master bathroom, kitchen, and guest bathroom renovations, which I hope will position the home for potential insurance discounts.Benefits of Lower Insurance CostsBy strategically planning and executing renovations during the remodeling process, I'm hoping to lower my insurance costs and save money in the long run.

Now that being said, most companies/attorneys dont do a double closing in NJ because each party needs to bring their own money.

Please give me money details above the oil issue .

You place looks very well done and appears to have decent finishings, but that isn't enough to bring that much more money.