Hey Liam, I am in very similar shoes!

I have been in your shoes, and we have personally helped over 300 people walk through a divorce options when it comes to the house. 

How would you feel in their shoes?

I took about a year off because I was getting a little frustrated because it seemed like all the guys and girls who went from "zero to hero" weren't in my shoes.

I have previously built a bunch of single family homes and turned around an underperforming Storage Facility.

I would like to use my equity to buy more rentals, or build more properties or expand outside of the rentals into rv parks, storage, or tiny home villages. 

Outside basis should be determined and tracked by you and your CPA.You essentially "step into their shoes" and assume the same inside basis and corresponding depreciation but could elect to step up your basis under Section 754.

If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.

Seems like rainwater should not be getting in the house to the extent where you have to consider changing flooring, I mean there are millions of house with tile floors around.....You could even add cheap area rugs (9x12s) and that would help.But yes, I would guess that if someone slips and can prove it, they will be coming after you....O I mean if they came in from the outside after it rained even with shoes it’s slippery.

I use that example since I just PAID a $750K wholesale fee last year to an investor who put in the reps, and had a smoking self storage deal under agreement for a steal... and I was HAPPY to wire them the funds.