Dual representation is the easiest way to get sued.

Keep them updated to reflect seasonal decor or recent upgrades.Offer High-Impact Amenities: Small touches like a coffee maker, fast WiFi, or a thoughtful welcome gift can transform a stay into a memorable experience.Stay Communicative and Proactive: Prompt, friendly communication makes guests feel valued.

Thanks,Pat  yes we do this right now with single family and we build 3 family because it's the largest residential classification by our buidling codes in Columbus Ohio. currently working on about 5 projects at a time for out of state investors. reach out for any more info, call is easiest 

Another thought you could just keep the tri-plex and gift them the net income each year...it's basically the same thing without any transferring. 

Lost rent from vacancy could easily be several thousand...so, by time you add it all up, it's easily possible for a sewer line replacement to end up costing $40k+ if it involves those types of ancillary expenses.To me, spending a few hundred bucks on a scope to prevent a $40k+ capex on a property worth over half a million is one of the easiest choices I make in the world of REI!

I don't know much more specifically so ask your CPA about gift taxes (I think she could give you $17k of gift money a year without taxes) or capital gains taxes if/when you want to sell. 

It is the easiest barrier to entry (best Interest rate and low down payment req).

The easiest way to get around this is to figure out how much the property would cash flow using the "rental property calculator." 

I have recently been gifted my great grandparents home and it's going to be a complete gut and renovate costing approximately 150k.

October not the easiest month to rent in a rural upstate NY area .bestChristian