Feel free to shoot me a message if you think that I could be a resource.

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Feel free to reach out!

With the cost of utilities and the level of comfort people feel is mandatory now there is no way I would want to be on the hook for it. 

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio. 

FCI is big (160 employees) and their portal may seem like overkill, but they have their systems down and they are responsive.

Feel free to DM me. 

Building homes always comes with surprises but the best part is that our clients don't feel any of that.