Prioritize your financial stability.

I am in similar situation and would love to connect?

This is a complicated situation with multiple layers to consider, so here’s my take based on your questions:If you’re looking to move assets from the partnership into individual LP (Limited Partner) names while avoiding capital gains, you’ll need a strategy that complies with tax regulations.

With fully paid-off properties and significant equity, your options are wide open.I had a friend in Connecticut who ended up investing in Phoenix and he was in a situation much like yours - an inherited property and equity to work with.

Your plan to house-hack and reinvest is solid stay focused on properties that align with your financial goals, and you’ll build a successful portfolio over time.

This led to a nearly $3,000-$4,000 bill for new installations until I clarified the situation and found that the unit already had hookups.

With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

Buying an investment property at 21 shows amazing foresight and financial responsibility.

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.