I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...Good Investing...

Quote from @David Spurlock: Quote from @Kevin Sobilo: Also, keep in mind that not all rentals are subject to fair housing law.

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

I’m building my network of cash buyers & would love to connect with investors interested in multi-family properties, value-add opportunities, & off-market deals.If you’re actively buying or simply want to expand your network, feel free to DM me so we can collaborate &/or just discuss the possibility of working together on future ventures.Looking forward to connecting with like-minded investors & creating win-win situations!

It’s a remarkable story of resilience and pushing the limits of the human mind.

If they don't do a 1031 how much would they have to pay in taxes after selling their rental?

Keep in mind a HELOC rate will be much higher because of the CLTV and risk.

And keep in mind, in this day and age, one can argue such an action become criminally liable.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

Completing the setup will likely lead to smoother operations and peace of mind in the long run.