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.

As an out of state investor, I made the decision to pull my equity out as construction costs in the area are incredibly high with limited availability right now.I completely agree that luxury rentals would be my prime target for a 1031.

Having a list of the problems made by an expert might make it a little bit easier to make the decision do you want to tear it down or do you want to make it a labor of love and restore it like Grandma had it - maybe with an air conditioning system in it and Hardiboard on the outside, and new windows et cetera...

I usually don’t post much here at all as I have a pretty strong network of investors and students and don’t want to be clumped with a bunch of new investors being Taught to raise money incorrectly. 

Hey Steven,You must consider a number of variables before making a decision.

A LENDER lends only money over which he has full underwriting and decision making authority.  

You gave us false or incorrect information when you applied for the loan; or* You are more than fourteen days overdue with any amount you owe us..* If you fall behind with your repayments we may pass information about the amount you owe to a credit reference agency.

If it does what ours does then you can make a decision. our two houses are about 1.5mm together - maybe with a $2mm house you will have a little more responsible guests but I doubt it as there is always one person that screws it for everyone.fortunately for us, the dip in income didn't impact us because we bought with cash but if they have that pressure it may make a difference 

Making the decision to buy a company’s stock or buy a company’s products are two quite different things and types of investments.