Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

From the calculators I've looked at, it seems like it makes more sense very-long-term to hold on, but I'd love other's thoughts/resources (I'm not passionate about passing on as-much-as-possible to my kids when I die).From a blog post on this site about when to sell, one of the factors was when things have appreciated more than the rents in the area- but I wasn't sure when it was 'enough.'

I will be closing on a small office building next month which I will be repurposing. My plans would require the Village to rezone the property. Since this will be a lengthy process I will attwmpt to fill these units u...

I realize this is an older post, but my family and I run a property management company.

Quote from @Tiyu Wang: Great post. 

I agree with many of the previous posts. 

Originally posted by @Eric Jones:@Roy N. - good post.

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

This post does not create a CPA-Client relationship.

I feel like this post is missing a lot.