Figure out which one works for you and your budget then be consistent 

Another option is an installment sale, which spreads capital gains tax over multiple years.For unsold properties being distributed, there is generally no immediate tax event if assets are transferred at their adjusted basis.

There are a few options.1.

The most profitable option is Airbnb, the most passive is long-term room rentals, and a hybrid approach can balance both.

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

I think Rooms to go would be a good option to get you started given your distance.

I may specialize in VA loans, but I also offer a range a conventional, FHA, USDA and commercial lending options. 

Always try to have a investor-friendly agent by your side

Bloomington is a city located in south-central Indiana, approximately 52 miles southwest of Indianapolis. en.wikipedia.orgRecently, the city has been exploring co-living arrangements as a strategy to enhance affordable housing options.

Josh I find myself essentially in the same situation and I have been thinking about my options.