What is the best way to set up the inheritance to minimize income taxes?

It doesn't book as frequently as the smaller house, but generates more income.

Since my adjusted basis is about 50K, am I going to have a $250K gain on my income taxes this year?

What tips and techniques have you found most effective in increasing rental income and property value?

Property taxes, income taxes, sales taxes, declining population, unfavorable rental laws, winter weather.

According to Warren Buffet, Fannie and Freddie really failed because of high-leverage risk-taking in the fixed income arbitrage space, saying:“The portfolios are what really got them into the trouble…the managements of Freddie and Fannie tried to juice up the earnings, basically, because the insurance guaranteed that they were given that mortgage.

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

@Hunter DuplantisFind out what median income is in your area/neighborhood, and don't expect to charge more than1/3 their income.

Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates. 

Financial independence requires more than just replacing your current income.