I’m purchasing the home through an estate via the sister of my neighbor, her and I are in contact and she is considered a friend.

Purchase price: $185,000 Cash invested: $40,000 This one was an accident.

Hi everyone, I'm planning to move to Cleveland,Ohio and had recently purchased a property.

Hey Mariya, yes, I just helped a bay area investor purchase a property that they'll be turning into an STR in West Sac.

There are ways to determine the status of a property to benefit from the pre-foreclosure stage. 

Purchase price: $485,000 Cash invested: $10,000 High Visibility Corner Retail Location. 3800 sq ft, 2 story building.Potential NOI valuation (after repairs, finishing) = $1.4MDue Diligence happening now, seeking Qualified Cash Buyer

For a 7 year old roof you should be able to find replacement cost coverage on your roof if you want it.This is a really good example of why I always say insurance is not all created equal and it's important to have an agent that can/will intelligently explain policy provisions.It sounds like you determined you had ACV on your roof on your own. 

However, it would clear all my debt and possibly allow me to purchase another rental property to add to the portfolio. 

Why do you think purchase contracts are so long and have such small print?

I would purchase any and all investments inside that trust along with a form of Whole Life or IUL policy to be able to use the tax code of 7702 to create a tax free income and ability to leverage my real estate assets.The BDIT effectively freezes your estate, but gives you the access to funds.Good strategy for any asset that looks to eclipse the estate tax level.