So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

I think a mix of housing options is important, but ultimately it comes down to what people will buy and space. 

Quote from @Jimmy Chao: I am weighing some options to help my younger brother buying his first primary with a fixer.

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

And countless other options.

Tenants were ecstatic that I have been fixing things that were neglected for years and based on units in Clinton trading for about $200k a door, the property will likely appraise for 750k+ Lessons learned?

Here is a link that provides fantastic information on the turnkey investing option from BP. 

The second son is married but has not lived in the home at any point during the last 20 years so this doesn't seem to present any options for savings.I thank everyone in advance for your thoughts.