Yes, Don, of course taxes are taxes, and they are as unavoidable as death and dumb real estate policy decisions by our local socialist-leaning government. 

Interesting, wow I wish you all the best in your decision-making.

I would do the analysis first and based on what you find, see if the numbers make sense in your situation then make your decision based on those numbers.

We use a 30 day notice clause where tenants give renewal decisions 30 days before lease expiration. 

Recommending a umbrella only approach may not be a sound decision, but again, it's your choice.

.- Create a detailed business plan: Outline roles, responsibilities, and how you'll handle decisions and potential conflicts.- Build a network: Connect with real estate agents, wholesalers, and other investors to find good deals.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

Good metrics push you towards good decision making, and door count does the opposite.

Making a quick decision, I realized that the drain line was disconnected and I connected it back and started to clean up the water.

It exemplifies the visionary thinking and risk-taking spirit that characterizes successful real estate investing — the ability to recognize the potential of undeveloped or underutilized assets and transform them into valuable and productive resources.Today, the legacy of the Louisiana Purchase endures, serving as a testament to the transformative power of strategic investment and forward-thinking decision-making.

This could drive many of the decisions you need to make.Second thing is to check your parent's estate plan and how the properties are titled.