If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.

If not you might be stuck with the work and the commitment to doing it since the city would be the ruling party.

Since you’re committed to staying close to family, I’d suggest focusing on properties that might need a little work but have potential for appreciation in your market.

This can be costly for your property manager, and you may have to pay for their insurance policy, which can add unnecessary expenses to your budget.It strengthens your relationship with your property manager.Adding your property manager as an additional insured is a gesture of good faith that shows you are committed to protecting their interests.

If you want some of the benefits, but less control and less time commitment, then go the passive route and invest in a syndication or note.

One thing that could really help is creating a detailed scope of work before committing.

This progress has been a blessing, and we’re committed to continuing on this path.

This will give you the chance to see how well you work together before committing to more overhead.

Make sure you thoroughly know how the regulators view the way things are being done, before committing to a "creative financing" technique.

I am not sure what the availability of cleaners in that area so I would spend time right now see what is there before committing to a property.Also, if you are spending 2k a year on fixing or replacing stuff, you are getting the wrong guests.