As long as rents are increasing due to a lack of development, rentals will always be needed. 5> Commercial and mixed use (commercial below, apartments upstairs) property.

Take the cost of it from her security deposit.If it wasn't in the lease and you're footing the bill, then wipe down all the surfaces including the ceiling with vinegar or ammonia mixed with hot water.

You will find a good mix of experienced investors who invest out of state.

About 7yrs ago mixed use loans were impossible to get in this area for properties under 500k.

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?