I know real estate is a long term play but you never know when you'll need access to that capital.There are turnkey companies out there that handle the entire process for you from top to bottom so it makes for an extremely passive investment.

I often hear, "Oh, I didn’t know" or "Oh, I forgot about that," followed by reluctance to go through the effort of gathering the necessary documentation.

2) Would you guys know how much will the amount be approximately?

If you're interested, I know a fantastic investor-friendly agent in Denver with years of experience and could help you navigate the market.

Anyone know of a REIA in the Topeka/Kansas City area?

This would not cost anything BUT tenants may be able to argue over bill more and I know RUBS has sometimes been outlawed in certain jurisdictions so would be less future proof.

So I know what I am getting into listing it.

-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband. 

Let me know if you have any other questions—excited for you to make your first deal!

Let me know if you need more ideas, I'd be happy to connect!