I think most BP folks would agree that you have the right idea, diversifying your assets with stocks, bonds, and real estate.

Some syndicators have so many fees (acquisition, construction management, asset management, capital event, disposition) the syndicator is going to get rich even if the deal produces zero return for its investors.

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

Want to understand more about tax issues, liability, and asset protection regarding investing in real estate.

Every hedge fund is always buying and selling assets.

-- solid strategy as well, if you go this route I would consider investing with an operator that specializes in this asset class.

We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.

Let’s break this down:The case for holdingThe 4.75% interest rate is a valuable asset in today’s high-rate environment.

Still, my PPR fund investment is a great passive yield of 12% and that works for part of my passive asset allocation.  

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.