Hi Mary, we’re real estate brokers as well.

You would end up saving the higher interest rate on the HELOC as well as closing costs.

When an owner passes away, the property’s tax basis is reset to its fair market value on the date of death (this is known as the “step-up basis”).

It's a small place so I'd guess it won't rent for enough to cover your expenses anyway so I'd probably sell, especially if the loss is small, it unless it's in a great neighborhood that you think will do well over time. 

The best projects I've seen from my desk are folks who are doing hyper-targeted, well-researched deals that are generally in higher cost of living (there are exceptions) areas. 

Same thing with Clayton Morris and any other well known operator really. 

well ignore everything I said lol. 

Also, how to get an LVP that will wear well, for cheap?

Sabbatical homes dot com and furnished finder have been good in the past as well but I have not used them recently.

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.