Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

2) does an out-of-state CPA know well of the state taxes?

I do recommend on higher end properties adding TV channels and Spectrum has a live TV stream app (no more boxes, I also imagine other cable providers so as well).

Thank you Jaron..really do appreciate the guidance and candor…I am probably not articulating the finer points well…my daughters are actually only the tennets…they are not involved in any of the potential decisions I am considering.  

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

There's a lot to this and illinois will not approve you without these things in place, as well as some others.Good luck.

My buddy just got burned by someone borrowing from multiple people where the others weren't aware of each other and they thought they were the only one lending, etc.It all comes down to how well you REALLY know each person in the deal, and then, "do you REALLY know them?"  

You will probably want to pay attention to the income tax basis to any proposed transactions as well as be wary of any transfers that cause a property tax reassessment, depending on whether that amounts to a big increase in taxes or not.Feel free to reach out if you would like referrals in San Diego County in order to work remotely.

Will look into seller concessions and gift funds to get better knowledge. 

Hi Michael, I'd be glad to help answer some questions for you and/or locate a duplex that would work well for your goals.Feel free to connect!