If your primary has a net $1M appreciation you’ll only pay $100k cap gains tax - that’s a lower alternative than what you propose.

Once you start closing deals or handling larger transactions, form an LLC to protect personal assets, build credibility, and gain tax flexibility.

For the 20% down, it’d lower your mortgage and eliminate PMI, but buying now could help you start building equity and gaining appreciation.

Simultaneously, if this vacancy is a high percentage of the buildings total SF, I would market the property for sale to an owner-user who may be able to fill the vacancy at preferred rates while gaining investment income off the other tenants.

When I die, they can keep renting out the properties or move into the SFH, or take the step up basis and sell it with not as high of a capital gains tax hit (I hope they wouldn't choose the 3rd option).

Hello, I'm trying to find access to blank purchase contract for wholesaling in California, and a blank assignment document.

Sometimes you're better off just selling, taking your tax-free gains and going from there. 

I'm in this strange position of being out of state and unfortunatley not having the time to visit or gain personal expertise.

If you've enjoyed a lot of appreciation in the value of your primary home, you may want to start a timer to sell before losing the "lived in the house for 2 of the last 5 years" capital gains exemption (limited; not infinite, but big).  

When the syndication is sold in future years, are the gains, depreciation recapture, and distributions also taxed as active income?