Oh and I've definitely seen all the mixed messages from those who advise against leveraging assets and those who recommend it.

Also, timing can be key - if you list on the 20th, you get a mix of panic applicants that can't find anywhere else before they have to be out on the 30th so they'll take any unit, even if they know they can't afford it, along with professional tenants that think you'll be in a panic to place a tenant before enduring another month of vacancy and will fall for their "I can give you 1st month's rent and deposit in cash right now" pressure ploy.

In my experience most successful people, millionaires, billionaires, whatever, will have some sort of mix of stocks and RE or at least REIT's in their portfolio. 

I don't like mixing business with family/friends.

Yup, I got a bit mixed up about Redding, Chico and Sacramento.

This would make his income capital gains and depreciation recapture rather than a mix of cap gains and earned income.What are the tax implications if purchase price is, say, $500k, and at time of death principal balance is $400k and he bequeaths the property (worth $600k) to me?

Yep...so sort of mixed feelings on it as I expected. 

Needs some TLC, but is a great deal for a BRRRR.Tried to FHA loan it, but couldn't get around the fact that because of it's location near downtown, it is zoned as mixed-use commercial.

The whole area is a total mixed bag--building years from 1959-1983 and square footage anywhere from 1000-1900.

The reviews online were pretty mixed.