Especially on a rental property. 

I had a 1031 exchange money to buy an investment property and did not want another fixer upper, so I decided to get a new home that was move-in ready.

I would focus on systemizing property management as much as possible so adding more units becomes easier over time.If your goal is to buy one property a year, then stick to your pace.

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

I will start by fixing and flipping properties.

Would your parents consider selling to you or your siblings at a favorable price instead of gifting it?

@Sean Overcrest Transferring the property to an LLC may help avoid property tax reassessment under California’s Proposition 13, but it comes with risks.

@Brian Chadwickno need to sell - why not refinance?

If not, then selling is a good idea irrespective of the real estate.

I have 3 rental properties (5 doors total) with M&M Property Pros.