My name and my daughter’s name(s) are also in title and the loan.I have really good equity in both properties (six figure) with great interest rates.At some point my daughters and their husbands will move out to upgrade to something bigger.I want to turn these properties into investment properties after my daughters move out:  thinking the best way is to convert in my name only.Also considering leveraging the equity in the properties to help buy new homes/townhomes for my daughters when they are ready as well.Wondering what the best strategies would be for me to expand property portfolio, minimize tax impact , create more passive income while continuing to help my family grow.I appreciate any advice! 

Personally, we prefer multi-tenant, to minimize vacancy risk.   

This deal highlights the power of smart acquisitions and efficient execution, turning a swift profit with minimal investment.

Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.

Look for areas with stronger rental demand, lower property taxes, and minimal HOA fees to keep expenses down.

I self manage my properties and I screen tenants very hard to minimize these potencial situations.

If you initially end up needing to raise rents I like to do them one at a time to minimize potential turnover from happening in multiple units at once.

We genuinely value architecture, history, design and quality, even if that means minimizing profits.

The issue could be minimal, and if so, that’s great. 

Carrying costs are minimal, I bought all cash - no bank interest to worry about.