I would consider selling one of the properties, paying off the debt, creating a reserve for your remaining investment, and ensuring you are 100% financially stable before you invest again.

Interview a few PMs, ensure they align with your goals, and stay involved by reviewing monthly reports.

My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios. 

Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.

Verify its condition and ensure the seller discloses any known issues.

This approach gives you the opportunity to thoroughly screen potential tenants, ensuring they align with your values and standards.

These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

Any other ideas on how to ensure our funds are protected? 

He's efficient and personable and is very able to assist you with questions if needed.Hope to discuss this with you further,