The heirs can choose to hold their shares and receive dividends or sell them.Passive: Allows investors to trade an actively managed real estate asset for a passive investment in an Operating Company that is typically run by an institutional asset management firm.Consistent Income: Operating Partnerships can issue dividends or distributions so that the investor has cash flow.Portfolio Diversification: Enables the investor to achieve diversification across geography, industry, tenant and asset class in an Operating Partnership structure.

You can use 1031 exchanges to trade multiple properties for fewer to make it easier to manage in retirement or even to trade into passive real estate investments. 7.

ETF doesn't offer much advantage over mutual fund for retirement account in my opinion, as you don't want to trade often or cash out (unless for emergency).In general it's recommended to contribute 10-15% of income to retirement account.

Might be time to trade or sell this off for more cash flow even though it still appreciating rapidly.

Inglewood city says they do not have a method for removing the unit from "available for rent".

Search for Liens and Other Property Records Search Methods: By Parcel ID: Enter the Parcel ID to find the most accurate results.

What is the best method for this? 

This method involves you identifying homes in your preferred areas and physically knocking on doors to express your interest in buying.

You hope either (1) neither lender finds out and or (2) neither lender decides to take action if they find out.Second, you make up the difference in equity with either (1)cash (2) 2nd mortgage loan with the owner with less equity giving to owner with more equity and/or (3) trading something else of value, such as another property, car, RV, etc. 

See what value you provide (i.e. your specialty in the trades).