This is less one specific question but more of an outline of what I am trying to do in hopes that I can add questions as they arise.

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

This can limit your financing options and potentially lead to higher interest rates.Be cautious about prohibited transactions and disqualified persons, as outlined by IRS rules.

I outline on the floor in tape where things are going.

By emphasizing my ability to close quickly and outlining my plans to enhance the property’s value, I was able to secure the deal at favorable terms.

This may actually be the best method to prevent the sale from being discovered, but of course there are other potential pitfalls.Under federal law a transfer to a trust where the grantor retains the beneficial interest WOULD be exempt from the DOS... but notice how in the context outlined above the exemption would disappear.

**Negotiating Flexibility**: Discuss these scenarios with your realtor and outline specific conditions under which you can proceed independently.

The property manager should provide a copy of the existing lease agreement, rent roll, other related documents, and notify the tenants of a change in management.You should also be aware of any specifics outlined in the lease for your tenant's situation (e.g., pets).How should the contract be handled moving forward?

An excellent outline of pros and cons

The Small Business Administration (SBA) offers a comprehensive guide to writing a business plan, which includes templates and examples that can help you get startedFor your marketing plan, consider identifying your target market, setting clear marketing objectives, and outlining your strategies for reaching potential tenants or buyers.