If one tenant has been in there for that long, there will also be some serious capex and turnover costs.

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).

We pull comps all day long and are very educated on market demands and pricing.

I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.

Long time Scranton resident, investor and realtor here!

Rent out one side, either Long term, Short term or Mid-Term.  

As we have all seen, Californians are leaving in droves over the past couple of years, and fleeing to Florida, Texas and yep...Arizona.As long as we continue to stay under LAs housing market for affordability, we are going to continue to net those homeowners wanting an upgrade to a bigger house or lot. 

But also, how long does it take in this case?

In particular know exactly what you negative equity position will be and how long it will take at conservative cash flow numbers (near 50% of rent going to expenses other than P&I).