If you have a tax deed one year earlier, you can file an in rem quiet title one year earlier (which takes three years of possession after the tax deed) and you also get rid of a potential redeeming party.

But also by repaying the LOC and helping your credit, you will likely be able to increase the LOC which you could later use for cheaper financing on rehabs potentially, rather than a hard lender.

One thing to consider is what would be the best approach where you save the most in taxes by paying her and also potentially benefiting from any college tuition credits.Education related credits can be substantial but normally phase out for high income earners.

The absence of RMDs allows account balances to grow tax-deferred, providing flexibility in withdrawals and potential wealth preservation for heirs.In summary, for high-earning W-2 employees, the Backdoor Roth IRA is a strategic financial tool that opens doors to tax-efficient retirement savings, overcomes income limits, and aligns with strategic tax planning.

I am considering doing fixer uppers so it could potentially benefit me.

The function you require would make the difference on any potential referral.

Have been doing some initial research into Multi-family, buy-and-hold, (>,=2 units) in the Chicagoland area (mainly western suburbs, Brookfield, LaGrange, Downers Grove, Wheaton, and the like) and found some units with potential.Here's my current question:I've found a property that I believe has some potential.

Right now I'm looking to build up my knowledge, meet some people who can give sound advice, find some potential suppliers, and find some deals.  

The cash flow potential is very good according to the asking price. 

Anyways, Thank you @Michael Stanton and I am trying to stay a step ahead and protect myself, hence the question-Is there a way to not get bypassed if I show a potential partner this without it being under contract?