I played ball at Illinois, and we had plenty of good match-ups these past few years.

So now I am just playing the waiting game, but I would love to refi as soon as humanly possible of course since I purchased the home with hard money.

That tends to be the best play here if you are looking for a house hack.

He said that they would either TEAR IT DOWN OR DONATE IT IF IT DIDN’T SELL, which makes me think I could get it even lower if I played my cards right.

Going multifamily here is a solid play.

I'd emphasize that tax assessment of $700k means market value and potential sales price of well over $700k, exact amount depends on the exact location and condition of the house of the house and land.The best financial situation for your parents may be to sell and pocket cash from the sale, but I understand there are always more factors in play: maybe they don't want to move, maybe they couldn't afford buying another house that would meet their wants/needs, horse boarding, etc.As far as if this is a good investment for you, I'd say yes!

The investors who play the long game always make money is the moral of the story.

Vegas is driven by CROWDS, and people will not be jumping back to big crowded environments so quickly and I can't picture people at nightclubs and pool parties flirting with masks on LOL Gambling is driven by excess capital, it's hard to say how that will be effected here but with many locals out of work the casinos will be reliant on tourism which I think is going to be a while recovering. 

People that are set with these crazy low rates will look like geniuses 5+ years from now...IF that inflationary scenario plays out.

There may be good deals later after the effects of all this play out, but there's still good deals to be had now.