However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

What are your thoughts on the market now, post-covid and with rentals/prices at a significantly reduce price from last year?

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

Over time, as property values increase, your wealth grows.Tax Benefits: Rental properties offer tax advantages such as depreciation and mortgage interest deductions, which can help reduce your overall tax liability.Scalability: Once you’ve mastered the BRRRR method, it becomes easier to replicate.

Diversifying your portfolio could reduce risk and improve overall returns.Higher Cash Flow Potential: If you redeploy the equity into markets with higher cash-on-cash returns, you could significantly increase your monthly cash flow.

I think if the investor has had bad experiences prior, then Yes, a call from any sponsor comes with a cloud of anxiety on what the call is about.

Many PMs ask for this in their agreements to reduce their own liability exposure.

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.