- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

We did a bunch of research on where to purchase a turn key property with management in place.  

I have one rental property that I have been self managing for about 10 years but I'm looking to exploring and potentially doing my first Flip this year. 

Most likely those would be smaller apartments, sub 50 units.It is harder to find solid property management on the smaller apartments.  

Jeff and I lend our own money and at least for me I do have some investors that I manage their funds along with my own.

My wife continued to be the administrator of record with the state as we added homes to our portfolio and she would assign the house manager as the administrator designee for the home. 

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

Do you plan to manage yourself or will you be hiring a property manager? 

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.